3024 Chicago Avenue Minneapolis, MN $ 579,000
3024 Chicago Avenue
$ 579,000
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3024 Chicago Avenue

Minneapolis, MN, 55407
$ 579,000
Bedrooms5 Baths3.0 Sq 2,775

Monthly Estimate*

$ 3,999

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Multi-Family Home for sale in Minneapolis, MN

for $579,000 with 5 bedrooms and 3 full baths. This 2,775 square foot home was built in 1908 on a lot size of 0.12.

Rare opportunity to own a highly unique piece of Minneapolis history — this 1908 triplex at 3024 Chicago Avenue has been held by the same family since it was built, now offered to the public for the very first time. 3024 offers two spacious 2BR/1BA units and a studio attic, featuring hardwood floors, natural woodwork, built-ins, and three porches. Included with the sale is the fully renovated carriage house ADU at 3026 Chicago Avenue (same parcel) — a private turnkey 1BR/1BA home with a beautiful modern kitchen, in-unit washer/dryer, and furniture which is included in the sale as well. 3026 was previously rented at $2,100/month. An ideal setup for an owner-occupant seeking added privacy or an investor looking to maximize returns across multiple income streams. Recent combined current rents of $5,600/month with market upside. Great location just blocks from Abbott Northwestern and Children's Hospitals, with easy access to I-35W, Midtown Global Market, and the Lake Street corridor. Fast connections to Downtown Minneapolis and Mall of America via the D Line Rapid METRO. Owner currently pays all utilities. Four off-street parking spaces. Coin-op laundry. Strong in-place cash flow with clear rent upside — a true value-add opportunity in a high-demand rental submarket. All measurements deemed reliable but not guaranteed; buyer to verify.

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Multi-Family Active

Price

$ 579,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,710

Style

Triplex

Lot Size

0.12

Year Built

1908

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7052375

Features
General
Living Area 2775
Sewer City Sewer/Connected
Heating Boiler
Garage Spaces 0
Year Built 1908
Electric 100 Amp Service
Levels Two
Property Subtype Triplex
Tax Year 2026
Gross Income 67200
Accessibility None
County Hennepin
Net Operating Income 42727
Operating Expense 18473
Insurance Expense 2217
New Construction N
Property Type Residential Income
Association Amenities Coin-op Laundry Owned
Contingency None
MaintenanceExpense 0
Directions Chicago to Lake or Lake to Chicago
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 7710.24
Electric Expense 1824
Fuel Expense 3120
Trash Expense 1114
Water Sewer Expense 1962
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full
Basement (Y/N) Y
Above Grade Finished Area 2775
Laundry Features In Basement Common Area
Total Bedrooms 5
Below Grade Finished Area 0
Total Baths 3
Foundation Dimensions 41x25
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Exterior
Parking Features Driveway - Other Surface Open
Water Source City Water/Connected
Lot Size Area 0.12
Building Area Total 3745
Lot Dimensions 123x41
Waterfront Y/N N
Foundation Area 1008
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Internal Only
Street Number 1 3024
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* Excluded Features
List By
Mrg Realty Partners, Llc

Broker

david@mrgrealtypartners.com

Email

Affordability Calculator

$4,642
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,999
Monthly Property Taxes
$643
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2026$579,000 Listed Price

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3024 Chicago Avenue, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $579,000 with 2,775 sqft and a lot size of 0.12. 3024 Chicago Avenue has 5 bedrooms, 3.0 baths, and was built in 1908. The property's zip code is 55407 which is in Minneapolis, MN