Home › 3215 Chicago Avenue S, Minneapolis, MN 55407 (MLS# 7096268)

3215 Chicago Avenue S, Minneapolis, MN 55407 (MLS# 7096268)

$499,900
3215 Chicago Avenue S
Minneapolis, MN 55407
MLS# 7096268
4 beds  |  4 baths  |  4140 sqft
3215 Chicago Avenue S, Minneapolis, MN 55407
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Open House (07/10/2026 - 4:30 pm - 6:00 pm)

Property Description
Solid brick fourplex on Chicago Avenue South, three units leased and a vacant fourth ready for the next owner to set the rate. Current rents run $1,175 to $1,200 per month with long-term tenants in place. The boiler was replaced seven years ago and the water heater for Unit 2 is new in 2023. Hardwood floors throughout, radiator heat, and individual water heaters per unit. A Metro Transit stop sits directly in front of the building, making this an easy leasing story for future tenants. Consistent occupancy in a neighborhood with steady rental demand.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 499900
Original List Price: 499900
ListPrice: 499900
List Date: 2026-06-24
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 4
Baths Total: 4
Main Floor Total SqFt: 1380
Above Ground SqFt: 2760
Below Grd Total SqFt: 1380
Total SqFt: 4140
Foundation Size: 1380
Style: (MF) Apartment
Total Finished Sqft: 2760.00
Lot Dimensions: 124x40
Acres: 0.11
Assessment Pending: No
Location Tax and Other Information
House Number: 3215
Street Name: Chicago
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Assessments
Tax With Assessments: 8532.26
Building Information
Finished SqFt Above Ground: 2760
Income and Expenses
Annual Caretaker Expense: 750
Annual Gross Expenses: 19450
Annual Gross Income: 57765
Annual Insurance Expense: 4000
Annual Net Income: 39050
Annual Repair Expense: 2000
Annual Trash Expense: 1000
Annual Water/Sewer Expense: 2200
Misc. Annual Income: 1500
Total Annual Expenses: 19450
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Unit 1
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Unit Number: 1
Annual Rent: 14100
Finished SqFt: 680
Full Baths: 1
Monthly Expense: 300
Monthly Rent: 1175
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 2
Furnished?: No
Leased?: No
Unit Number: 2
Finished SqFt: 690
Full Baths: 1
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 3
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Unit Number: 3
Annual Rent: 14100
Finished SqFt: 690
Full Baths: 1
Monthly Expense: 150
Monthly Rent: 1175
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 4
Furnished?: No
Lease Expiration Date: 2027-03-30
Leased?: Yes
Unit Number: 4
Annual Rent: 14100
Finished SqFt: 690
Full Baths: 1
Monthly Expense: 150
Monthly Rent: 1175
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned; Patio
Basement: Partial
Construction Status: Previously Owned
Exterior: Stucco
Fencing: Chain Link
Foundation: Permanent
Fuel: Natural Gas
Heating: Hot Water
Lot Description: Public Transit (w/in 6 blks)
Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; Insurance; Lawn; Maintenance/Repair; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Flat
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: Two
Tenant Pays: Cable TV; Electricity; Fuel; Insurance
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Eat In Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Eat In Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Bath Description: Main Floor Full Bath
Unit 3 Cooling: Window
Unit 3 Dining Room Description: Eat In Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Bath Description: Main Floor Full Bath
Unit 4 Cooling: Window
Unit 4 Dining Room Description: Eat In Kitchen
Water: City Water/Connected

Listing Office: Jason Mitchell Group

Last Updated: July - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Friday 10th of July 2026 04:37 PM

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