Active

Price cut: $15K (8/22)

$584,900

3018 Chicago Ave, Minneapolis, MN 55407

12beds

5baths

4,439sqft

$3,717/mo

Get pre-qualified

Triplex

Built in 1909

-- sqft lot

$578,600 Zestimate^®

$132/sqft

$-- HOA

What's special

Excellent investment opportunity. This spacious triplex features three legal rental units plus a non-conforming basement unit for additional rental income, with a total of 12 bedrooms throughout the property. All units are currently occupied and generating income. Numerous updates have been completed, including a brand-new roof, new exterior paint, and many additional improvements throughout. A great opportunity for an investor or owner-occupant looking to generate rental income and build long-term equity.

42 days
318
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 5

Heating

Baseboard, Fireplace(s)

Appliances

Laundry: Common Area, Coin-op Laundry Owned

Features

Basement: Egress Window(s),Finished,Full

Interior area

Total structure area: 5,234
Total interior livable area: 4,439 sqft
Finished area above ground: 3,638
Finished area below ground: 801

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Concrete
Garage spaces: 2

Accessibility

Accessibility features: None

Features

Levels: More Than 2 Stories
Fencing: Wood

Lot

Size: 5,662 Square Feet
Dimensions: 124 x 47

Details

Foundation area: 1596
Parcel number: 0202824220008

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Roof: Age Over 8 Years,Asphalt

Condition

New construction: No
Year built: 1909

Utilities & green energy

Gas: Electric, Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Chicago Lake Park Add

HOA

Amenities included: Coin-op Laundry Owned

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $519,700
Annual tax amount: $12,680
Date on market: 7/18/2026
Tenant pays: Broadband, Electricity, Fuel

Estimated market value

$578,600

$550,000 - $608,000

$1,720/mo

Price history

Date	Event	Price
8/22/2026	Price change	$584,900-2.5%$132/sqft
Source: NorthstarMLS as distributed by MLS GRID #7111896 Report a problem
8/6/2026	Price change	$599,900-4.8%$135/sqft
Source: NorthstarMLS as distributed by MLS GRID #7111896 Report a problem
7/29/2026	Price change	$629,900-3.1%$142/sqft
Source: NorthstarMLS as distributed by MLS GRID #7111896 Report a problem
7/20/2026	Listed for sale	$649,900+25%$146/sqft
Source: NorthstarMLS as distributed by MLS GRID #7111896 Report a problem
9/5/2023	Sold	$520,000-5.5%$117/sqft
Source: NorthstarMLS as distributed by MLS GRID #6404002 Report a problem
8/21/2023	Pending sale	$550,000+134.4%$124/sqft
Source: NorthstarMLS as distributed by MLS GRID #6404002 Report a problem
8/12/2020	Listing removed	$1,875
Source: Mauzy Properties Report a problem
7/31/2020	Listed for rent	$1,875
Source: Mauzy Properties Report a problem
3/28/2016	Sold	$234,691-14.6%$53/sqft
Source: Public Record Report a problem
10/2/2015	Listing removed	$274,900$62/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4570905 Report a problem
9/11/2015	Listed for sale	$274,900+3.8%$62/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4570905 Report a problem
4/8/2015	Listing removed	$264,900$60/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4570905 Report a problem
3/11/2015	Listed for sale	$264,900+231.1%$60/sqft
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4570905 Report a problem
1/4/2012	Sold	$80,000+30.1%$18/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1696914 Report a problem
6/26/2009	Sold	$61,500-46.1%$14/sqft
Source: Public Record Report a problem
4/1/2009	Listed for sale	$114,000-67.2%$26/sqft
Source: foreclosure.com Report a problem
5/24/2007	Sold	$348,000+74%$78/sqft
Source: Public Record Report a problem
11/1/2001	Sold	$200,000+135.3%$45/sqft
Source: Public Record Report a problem
5/5/1998	Sold	$85,000$19/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,699 +64.7%	$519,700 +1.5%
2024	$7,710 +13.7%	$512,000 +6.2%
2023	$6,779 -6.1%	$482,000 +14.5%
2022	$7,220 +14.5%	$421,000 -0.9%
2021	$6,306 -5.7%	$425,000 +10.1%
2020	$6,690 +6.1%	$386,000 +2%
2019	$6,306 -5.7%	$378,500 +10%
2018	$6,690 +17.7%	$344,000 +23.5%
2017	$5,684 +8.9%	$278,500 +15.1%
2016	$5,219 +11.5%	$242,000 +20.1%
2015	$4,679 +14.4%	$201,500 +15.1%
2014	$4,089 +2%	$175,000 -4.1%
2013	$4,008 -65.9%	$182,500 -12%
2012	$11,767 -3.6%	$207,500 -7.8%
2011	$12,213 +36.6%	$225,000 +36.8%
2010	$8,939 +35%	$164,500 -44.4%
2009	$6,619 +139%	$295,700 +52%
2006	$2,770 +22.4%	$194,600 +25.1%
2005	$2,263 -12.4%	$155,500 +25.2%
2004	$2,583 +41%	$124,200 +20.2%
2002	$1,832 -22.7%	$103,300
2001	$2,372	--