3018 Chicago Ave Minneapolis, MN 55407
Central NeighborhoodEstimated payment $4,361/month
Highlights
- 2 Car Detached Garage
- Baseboard Heating
- Wood Fence
- Fireplace
- Coin Laundry
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,680
Year Built
- Built in 1909
Lot Details
- Lot Dimensions are 124x47
- Wood Fence
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Block Foundation
- Stucco Exterior
Interior Spaces
- 2-Story Property
- Fireplace
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Utilities
- Baseboard Heating
Listing and Financial Details
- The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection
- Assessor Parcel Number 0202824220008
Community Details
Overview
- 4 Units
- Chicago Lake Park Add Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $9,869 | $519,700 | $54,000 | $465,700 |
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | Price Changed | $599,900 | -4.8% | $135 / Sq Ft | |
| 07/29/2026 07/29/26 | Price Changed | $629,900 | -3.1% | $142 / Sq Ft | |
| 07/20/2026 07/20/26 | For Sale | $649,900 | +25.0% | $146 / Sq Ft | |
| 09/05/2023 09/05/23 | Sold | $520,000 | -5.5% | $106 / Sq Ft | View Prior Sale |
| 08/21/2023 08/21/23 | Pending | -- | -- | -- | |
| 08/01/2023 08/01/23 | For Sale | $550,000 | -- | $112 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $490,000 | -- | |
| Warranty Deed | $520,000 | The Title Group | |
| Interfamily Deed Transfer | -- | Titlesmart Inc | |
| Warranty Deed | $234,691 | Title One Inc | |
| Warranty Deed | $80,000 | Viking Title Llc | |
| Foreclosure Deed | $61,500 | -- | |
| Warranty Deed | $348,000 | -- | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $85,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $378,000 | New Conventional | |
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $176,017 | New Conventional | |
| Previous Owner | $120,000 | VA | |
| Previous Owner | $102,107 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $330,600 | Unknown |
Source: NorthstarMLS
MLS Number: 7111896
APN: 02-028-24-22-0008
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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.
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Ask me questions while you tour the home.