3018 Chicago Avenue, Minneapolis, MN 55407
New Listing
$649,900
Property Type:
Multi-Family
Bedrooms:
12
Baths:
5
Square Footage:
5,234
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$649,900
List Date:
7/20/2026
Last Modified:
7/20/2026
Overview
Description
Listing Details MLS# 7111896
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Waterfront YN
- No
- Year Built
- 1909
- Yearly/Seasonal
- Yearly
- Main Floor Total SqFt
- 1596
- Above Ground SqFt
- 3638
- Below Grd Total SqFt
- 1596
- Total SqFt
- 5234
- Foundation Size
- 1596
- Style
- (MF) Triplex
- Total Finished Sqft
- 4439.00
- Garage Stalls
- 2
- Lot Dimensions
- 124x47
- Acres
- 0.13
- Assessment Pending
- No
- # Carport Spaces
- 0
Property Features
Accessible:
None
Amenities Shared:
Coin-op Laundry Owned
Assumable Loan:
Not Assumable
Basement:
Egress Windows; Full
Construction Status:
Previously Owned
Exterior:
Stucco
Fencing:
Wood
Foundation:
Concrete Block
Fuel:
Electric; Natural Gas
Heating:
Baseboard
Laundry:
Common Area
Owner Pays:
Insurance; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Road Frontage:
City Street
Roof:
Age Over 8 Years; Asphalt Shingles
Sellers Terms:
Cash; Conventional; FHA; VA
Sewer:
City Sewer/Connected
Tenant Pays:
Broadband; Electricity; Fuel
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 649900
- ListPrice
- 649900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 3018
- Street Name
- Chicago
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55407
- Complex/Dev/Subdivision
- Chicago Lake Park Add
Assessments
- Tax With Assessments
- 12680
- Assessment Balance
- 0
Building Information
- Finished SqFt Above Ground
- 3638
- Finished SqFt Below Ground
- 801
More Information
Income and Expenses
- Annual Gross Income
- 60900
- Annual Insurance Expense
- 500
- Annual Maintenance Expense
- 4000
- Annual Repair Expense
- 3700
- Annual Trash Expense
- 1000
- Annual Water/Sewer Expense
- 3000
- Total Annual Expenses
- 5000
- Annual Caretaker Expense
- 0
- Annual Electric Expense
- 0
- Annual Fuel Expense
- 0
- Annual Gross Expenses
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Square Feet
- 360
Public Survey Info
- Range#
- 24
- Section#
- 02
- Township#
- 28
Unit 1
- Furnished?
- No
- Leased?
- Yes
- Level
- Main Level
- Unit Number
- Yes
- Annual Rent
- 24000
- Finished SqFt
- 1596
- Full Baths
- Yes
- Monthly Expense
- 200
- Monthly Rent
- 2000
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit 2
- Furnished?
- No
- Leased?
- Yes
- Unit Number
- 2
- Annual Rent
- 21960
- Full Baths
- 2
- Monthly Expense
- 200
- Monthly Rent
- 1830
- No. of Units Like This
- Yes
- Total Baths
- 2
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit 3
- Furnished?
- No
- Leased?
- No
- Level
- Below Ground
- Unit Number
- 3
- 1/2 Baths
- Yes
- Annual Rent
- 14400
- Monthly Expense
- 200
- Monthly Rent
- 1200
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 4
- Total Rooms
- 5
Unit 4
- Furnished?
- No
- Leased?
- No
- Level
- 3rd Level
- Unit Number
- 4
- 3/4 Baths
- Yes
- Annual Rent
- 20400
- Monthly Expense
- 200
- Monthly Rent
- 1700
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 5
Unit Details
- Total Units
- 4
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- BLOCK 001 CHICAGO LAKE PARK ADDN TO MPLS S 30 FT OF LOT 5 AND N 17 FT OF LOT 6
- Listing City
- Minneapolis
- Map Page
- 106
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Property ID Number
- 0202824220008
- Tax Year
- 2026
- Tax Amount
- 12680
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Excellent investment opportunity. This spacious triplex features three legal rental units plus a non-conforming basement unit for additional rental income, with a total of 12 bedrooms throughout the property. All units are currently occupied and generating income. Numerous updates have been completed, including a brand-new roof, new exterior paint, and many additional improvements throughout. A great opportunity for an investor or owner-occupant looking to generate rental income and build long-term equity.
- Directions
- From I-35W take exit 15A toward 31st St/Lake St., R onto E 31st St., L onto Chicago Ave., turn L., destination will be on the Left.
Accessible
- None
- Yes
Amenities Shared
- Coin-op Laundry Owned
- Yes
Assumable Loan
- Not Assumable
- Yes
Basement
- Egress Windows
- Yes
- Full
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Stucco
- Yes
Fencing
- Wood
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Baseboard
- Yes
Laundry
- Common Area
- Yes
Owner Pays
- Insurance
- Yes
- Lawn
- Yes
- Maintenance/Repair
- Yes
- Snow Removal
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
Road Frontage
- City Street
- Yes
Roof
- Age Over 8 Years
- Yes
- Asphalt Shingles
- Yes
Sellers Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
No. of Ranges
- Three
- Yes
Tenant Pays
- Broadband
- Yes
- Electricity
- Yes
- Fuel
- Yes
Listing Office:
RE/MAX Results
Last Updated: July - 20 - 2026
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