3215 Chicago Avenue S

Minneapolis, MN 55407

About this property

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.

About this property

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.

Features and Additional Information

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$499,900 Pending
2,760 sqft

Presented By Coldwell Banker Crown Park Rapids

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Get in touch today! Phone: 1-218-732-3381
Brokerage
Jason Mitchell Group
1-952-454-5190
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Area Information

64 | Hennepin County |

$ 499,900
This listing is play_arrow 46.6% higher than the average in the area
$ 340,999 in the area
2,760 SqFt
This listing is play_arrow 228.6% larger than the average in the area
840 SqFt in the area
$ 181 $/SqFt
This listing is play_arrow 55.4% less than the average in the area
$ 406 $/SqFt in the area
60 days on site
This listing is play_arrow 650.0% above the average in the area
8 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Minneapolis

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Listed By Eric J Eickhof
Brokerage: Jason Mitchell Group

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