3034 Chicago Ave Minneapolis, MN 55407
Central Neighborhood
4
Beds
2
Baths
1,952
Sq Ft
6,534
Sq Ft Lot
About This Home
As of November 2022Great opportunity to own a cash flowing duplex that meets the 1% rule. Both units are freshly renovated and ready for tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,160
Year Built
- Built in 1901
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,952 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Lot Dimensions are 54x124
- Boiler Heating System
Community Details
- 2 Units
- Supplement To Chicago Lake Par Subdivision
Listing and Financial Details
- Assessor Parcel Number 0202824220156
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2022
Closed on
Nov 16, 2022
Sold by
Jsw Properties Llc
Bought by
Nacho Construction Llc
Seller's Agent
Samuel Gardner
RE/MAX Results
Buyer's Agent
Artemisa Boston
eXp Realty
List Price
$269,000
Sold Price
$275,000
Premium/Discount to List
$6,000
2.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$220,000
Outstanding Balance
$130,343
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$202,798
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $275,000 | -- | |
| Warranty Deed | $275,000 | Watermark Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2025 05/10/25 | Price Changed | $340,000 | -2.9% | $174 / Sq Ft |
| 04/13/2025 04/13/25 | Price Changed | $350,000 | -2.8% | $179 / Sq Ft |
| 04/10/2025 04/10/25 | For Sale | $360,000 | +30.9% | $184 / Sq Ft |
| 11/16/2022 11/16/22 | Sold | $275,000 | +2.2% | $141 / Sq Ft |
| 10/11/2022 10/11/22 | Pending | -- | -- | -- |
| 10/05/2022 10/05/22 | For Sale | $269,000 | -- | $138 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $3,919 | $230,000 | $56,000 | $174,000 |
| 2022 | $3,533 | $202,000 | $55,000 | $147,000 |
| 2021 | $2,934 | $186,000 | $24,000 | $162,000 |
| 2020 | $3,169 | $171,500 | $37,800 | $133,700 |
| 2019 | $2,975 | $171,500 | $25,200 | $146,300 |
| 2018 | $2,634 | $156,000 | $25,200 | $130,800 |
| 2017 | $2,695 | $135,500 | $22,900 | $112,600 |
| 2016 | $2,674 | $130,000 | $22,900 | $107,100 |
| 2015 | $2,630 | $108,500 | $22,900 | $85,600 |
| 2014 | -- | $100,000 | $21,300 | $78,700 |
Source: Public Records
Agents Affiliated with this Home
-
Artemisa Boston
Seller's Agent in 2025
Artemisa Boston
eXp Realty
(651) 503-2625
18 in this area
1,155 Total Sales
-
Samuel Gardner
S
Seller's Agent in 2022
Samuel Gardner
RE/MAX Results
(612) 805-9382
3 in this area
30 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6268712
APN: 02-028-24-22-0156
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