$649,900
3018 Chicago Avenue Minneapolis, MN 55407
For Sale MLS# 7111896
12 beds 5 baths 4,439 sq ft Multi-family
Details for 3018 Chicago Avenue
MLS# 7111896
Description for 3018 Chicago Avenue, Minneapolis, MN, 55407
Excellent investment opportunity. This spacious triplex features three legal rental units plus anon-conforming basement unit for additional rental income, with a total of 12 bedrooms throughout theproperty. 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.
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 12
Bathrooms: 5
Lot Size: 0.13 Acres
Square Feet: 4,439 sq ft
Year Built: 1909
Foundation: 1,596 sq ft
Garage: Yes
Stories: More Than 2 Stories
Subdivision: Chicago Lake Park Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 1
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: Common Area
Interior Features
Square Footage above: 3,638 sq ft
Square Footage below: 801 sq ft
Basement: Egress Windows, Full, Finished (Livable)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Baseboard, Electric, Fireplace, Natural Gas
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Detached Garage, Driveway - Concrete, Garage Sq Ft - 360.0
Exterior: Stucco
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 124x47
Fencing: Wood
Additional Exterior/Lot Features: Road Frontage - City
Community Features
Association Amenities: Coin-op Laundry Owned
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2000
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 6
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1830
Unit 2 Baths Total: 2
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 6
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1200
Unit 3 Baths Total: 1
Unit 3 Beds Total: 4
Unit 3 Rooms Total: 5
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1700
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 4 Rooms Total: 5
Driving 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.
Financial Considerations
Tenant Pays: Broadband,Electric,Fuel
Owner Pays: Insurance,Lawn,Maintenance/Repair,Snow,Taxes,Trash
Gross Income: 60900
Expense: 5000
Tax/Property ID: 0202824220008
Tax Amount: 12680
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3018 Chicago Avenue
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3018 Chicago Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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