For Sale Triplex MLS# 7052375

3024 Chicago Avenue

Minneapolis, MN 55407

$579,000

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About 3024 Chicago Avenue

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.

Property details

Property

Type
Triplex
MLS type
Triplex
Status
Active
Year built
1908
Stories
Two
Living area
2,775 sqft
Price / sqft
$209
Lot
0.12
Original price
$579,000
MLS #
7052375

Interior

Features
Boiler, In Basement, Common Area, Full
Heating
Boiler
Laundry
In Basement, Common Area

Exterior & lot

Features
Other, Driveway - Other Surface, Open
Construction
Two, Block, Stone
Foundation
Block, Stone
Lot
0202824220154
Parking
Driveway - Other Surface, Open

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, 100 Amp Service
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$7,710
Tax year
2026
Parcel
0202824220154

Location

County
Hennepin
Neighborhood
Central
Community
Hennepin, Coin-op Laundry Owned, northstar, Minneapolis
Directions
Chicago to Lake or Lake to Chicago

Location

Neighborhood
Central
School district
Minneapolis Public School District

Ask about this property

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Listed by David B Dirkers, MRG Realty Partners, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.