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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 579,000

Est. payment -/mo

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Active

3024 Chicago AVE Minneapolis, MN 55407

5 Beds

3 Baths

2,775 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,775 sqft

Price per Sqft $208

MLS Listing ID 7052375

Bedrooms 5

Year Built 1908

Annual Tax Amount $7,710

Tax Year 2026

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 123x41

Property Sub-Type Triplex

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Boiler

Fireplace No

Laundry In Basement, Common Area

Exterior

Parking Features Driveway - Other Surface, Open

Building

Story Two

Foundation 1008

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by David Dirkers • MRG Realty Partners, LLC

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

3024 Chicago AVE Minneapolis, MN 55407

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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