NOT LISTED FOR SALE

3018 Chicago Ave Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $540,000 - $586,000

11 Beds
4 Baths
4,900 Sq Ft
$115/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $520,000 $106 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,960/month

19 Days on Market

Highlights

  • Fireplace
  • Baseboard Heating
  • Wood Fence
  • Washburn High School Rated A-
  • Coin Laundry

About This Home

As of September 2023

This Tri-plex in Minneapolis is a must see! 3 large rental units, 11 bedrooms, 4.5 baths over 5000 square feet total. Each unit boasts extra-large spaces with 3 or 4 bedrooms & bonus spaces, along with many updates over the past few years. The 2nd floor unit includes finished out 3rd floor attic space. It offers a fantastic opportunity for investors or an owner occupant buyer looking for an income-generating property. Currently with one vacant unit (basement level) this property would work perfectly for an owner occupant to move right in.

Last Agent to Sell the Property

Cheri Sutch

Realty ONE Group Choice Listed on: 08/01/2023

Realty ONE Group Choice

Last Buyer's Agent

Paulo Mora

RE/MAX Advantage Plus

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,778

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 124x47
  • Wood Fence

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 0202824220008

Community Details

Overview

  • 3 Units
  • Chicago Lake Park Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,778

Year Built

Built in 1909

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 3700
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Finished, Full
  • Living Area: 4900
  • Below Grade Finished Sq Ft: 1200
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Microwave,Range
  • Appliances: Microwave,Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 11

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Wood
  • Neighborhood: Central

Garage/Parking

  • Parking Features: Detached, Concrete

Utilities

  • Heating: Baseboard, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 124x47
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0202824220008
  • Tax Annual Amount: 6778
  • TaxWithAssessments: 6778.0000

Multi Family

  • TenantPays: Electricity, Fuel
  • Resident Manager Expense: 1200
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Aug 24, 2023
Sold by
Propst Daniel J and Propst Jennifer
Bought by
Flotterud Jeremiah
Seller's Agent
Cheri Sutch
Realty ONE Group Choice
Buyer's Agent
Paulo Mora
RE/MAX Advantage Plus
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
22
Current Estimated Value
$563,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,270
Avg. Annual Appreciation
3.32%

Purchase Details

Closed on
Nov 7, 2016
Sold by
Plese Debra J and Plese Steven Herbert
Bought by
Plese Debra J

Purchase Details

Closed on
Mar 9, 2016
Sold by
Amra Nabil
Bought by
Propst Daniel J and Propst Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,017
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2011
Sold by
Target Real Estate 1 Llc
Bought by
Amra Nabil

Purchase Details

Closed on
Apr 16, 2009
Sold by
Aurora Loan Services Llc
Bought by
Perco Inc

Purchase Details

Closed on
May 8, 2007
Sold by
Fernandez Manuel H
Bought by
Orellana Xavier Mauricio

Purchase Details

Closed on
Sep 28, 2001
Sold by
Porter Jody Lee
Bought by
Fernandez Manuel H

Purchase Details

Closed on
Feb 1, 1992
Sold by
Felker Judith
Bought by
Porter Jody Lee and Porter Jody
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flotterud Jeremiah $520,000 The Title Group
Plese Debra J -- Titlesmart Inc
Propst Daniel J $234,691 Title One Inc
Amra Nabil $80,000 Viking Title Llc
Perco Inc $61,500 --
Orellana Xavier Mauricio $348,000 --
Fernandez Manuel H $200,000 --
Porter Jody Lee $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Propst Daniel J $176,017
Closed Porter Jody Lee --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $520,000 -5.5% $106 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $550,000 -- $112 / Sq Ft
Source: NorthstarMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,699 $512,000 $54,000 $458,000
2023 $7,710 $482,000 $50,000 $432,000
2022 $7,220 $421,000 $48,000 $373,000
2021 $6,306 $425,000 $21,000 $404,000
2020 $6,690 $386,000 $19,700 $366,300
2019 $6,244 $378,500 $13,100 $365,400
2018 $5,684 $344,000 $13,100 $330,900
2017 $5,219 $278,500 $11,900 $266,600
2016 $4,679 $242,000 $11,900 $230,100
2015 $4,089 $201,500 $11,900 $189,600
2014 -- $175,000 $10,800 $164,200
Source: Public Records

Agents Affiliated with this Home

  • Cheri Sutch

    Seller's Agent in 2023

    Cheri Sutch

    Realty ONE Group Choice

    (763) 567-9566

    1 in this area

    51 Total Sales

    Cheri Sutch
    Section Image
  • Paulo Mora

    Buyer's Agent in 2023

    Paulo Mora

    RE/MAX Advantage Plus

    (612) 296-8494

    3 in this area

    228 Total Sales

    Paulo Mora
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6404002

NorthstarMLS

APN: 02-028-24-22-0008

Minnesota Hennepin County Minneapolis 55407 Central

3018 Chicago Ave, Minneapolis, MN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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