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3310 Chicago Avenue

Minneapolis MN 55407

7
3
3956 sq. ft.
4059 sq. ft.
Duplex
Currently for sale - view listing

Overview

Exceptional investment opportunity! This versatile Minneapolis triplex features 7 bedrooms, 3 bathrooms, and an active short-term rental operation fully licensed by the City of Minneapolis. With projected annual rental income of $48,000 through a combination of short-term and long-term tenants, this property offers flexibility and income potential for investors. Highlights include 7 off-street parking spaces on a concrete driveway, coin-operated basement laundry, a roof approximately 5 years old, and updated HVAC and air conditioning approximately 3 years ago. An additional basement bedroom offers future potential, subject to egress and applicable requirements. Whether you're expanding your portfolio or exploring multiple rental strategies, this property presents an exciting opportunity to invest in Minneapolis real estate!

Features

7 bedrooms
3 bathrooms
3956 sq. ft. floor area
4059 sq. ft. lot size
Duplex

Property history for 3310 Chicago Avenue

2023
Sold
$340,000
16 Oct 2023 by Alexandra Brackenwagen, of Financially Free, LLC
2020
Sold
$210,000
03 Jan 2020
2008
Sold
$38,000
16 Jul 2008 by William (Bill) Bergeson, of High Pointe Realty, Inc.

Happy sellers in Minneapolis

96%
96% of sellers in Minneapolis reported that their sale price either exceeded or met their price expectations.

Minneapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Minneapolis over the last 12 months.

Local market activity for 7 bedroom duplexes in Minneapolis

In the last 12 months, 2 seven-bedroom duplexes similar to 3310 Chicago Avenue, have been sold.

This represents a 34% increase in seven-bedroom duplexes sales when compared to the previous 12 months.

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