NOT LISTED FOR SALE

3242 Chicago Ave Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $280,000 - $338,000

3 Beds
2 Baths
1,620 Sq Ft
$185/Sq Ft Est. Value

About This Home

This home is located at 3242 Chicago Ave, Minneapolis, MN 55407 and is currently estimated at $299,620, approximately $184 per square foot. 3242 Chicago Ave is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2025
Sold by
Wordlaw Nelis
Bought by
Selvan Marcelo
Current Estimated Value
$299,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Outstanding Balance
$83,279
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$216,341

Purchase Details

Closed on
Sep 4, 1998
Sold by
Hedquist Donald
Bought by
Selvan Marcelo S

Purchase Details

Closed on
Mar 13, 1987
Sold by
Sorensen Phillip G
Bought by
Hedquist Donald and Hedquist Sharon
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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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
Selvan Marcelo $500 None Listed On Document
Selvan Marcelo S $55,000 --
Hedquist Donald $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Selvan Marcelo S $83,500
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $3,752 $235,000 $53,000 $182,000
2022 $3,550 $226,000 $53,000 $173,000
2021 $3,794 $209,000 $24,000 $185,000
2020 $3,852 $232,000 $31,100 $200,900
2019 $3,610 $211,000 $20,700 $190,300
2018 $3,192 $192,000 $20,700 $171,300
2017 $3,130 $160,000 $18,800 $141,200
2016 $3,226 $160,000 $18,800 $141,200
2015 $2,822 $133,500 $18,800 $114,700
2014 -- $121,500 $18,800 $102,700
Source: Public Records

Map

Minnesota Hennepin County Minneapolis 55407 Central

3242 Chicago Ave, Minneapolis, MN

This home is located at 3242 Chicago Ave, Minneapolis, MN 55407 and is currently estimated at $299,620, approximately $184 per square foot. 3242 Chicago Ave is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

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