3024 Chicago Avenue,Minneapolis, MN 55407
Minneapolis, MN 55407
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.
Details
| MLS # | 7052375 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 178 |
| Listing Provided By | MRG Realty Partners, LLC | David B Dirkers |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,775 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.12 |
Interior
| Heating | Boiler |
|---|
Parking
| Parking Features | Driveway - Other Surface, Open |
|---|
Taxes
| Property | 7710 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 11 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in 55407) | |
Price: $579,000 low | high Med: $349,900 sqft: 2,775 low | high Med: 1,728 $ / sqft: $209 low | high Med: $203 On site: 178 low | high Med: 53.5 | |
Market Activity 55407
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 19, 2026 at 11:17:19 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 11 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in 55407) | |
Price: $579,000 low | high Med: $349,900 sqft: 2,775 low | high Med: 1,728 $ / sqft: $209 low | high Med: $203 On site: 178 low | high Med: 53.5 | |
