Ericksons' 1925 Phelps Park Craftsman: a Quadruple Boxcar overlooking Phelps Park: four craftsman era apartments with immense intact originality: dining room built-in hutches, original ice boxes, oak and birch inset panel doors throughout, all original hardware and knobs, period correct lighting throughout building on dimmers. All 4 kitchens have restored birch shaker cabinetry, dishwashers, farm sinks and great space and storage much more cook friendly than typical apartments. Euro spec appliances throughout, bathrooms with ceramic tile and fans in each. Units have long 25' hallways and live like a bungalow with 1100 feet per unit. See home highlights for major updates including new Anderson Windows throughout, closed cell foam roof, updated electrical & plumbing. Building has a great energy and would make a wonderful owner occupant four-plex. Lower unit is easy to show, only available due to 1031 exchange. ** Multiple offers, Please adjust showing schedule to view prior to end of business Monday, sellers will be reviewing offers Monday evening **
Closed
$750,000
3927 Chicago Ave, Minneapolis, MN 55407
8beds
4baths
4,372sqft
Quadruplex
Built in 1925
-- sqft lot
$772,800 Zestimate®
$172/sqft
$1,854 Estimated rent
Home value
$772,800
$734,000 - $819,000
$1,854/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Steven J Imhoff 651-238-3216,
Rare Form Properties
Bought with:
Michael Moe
Keller Williams Classic Rlty NW
Mason D Vitalis
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6573702
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Laundry Room
Features
- Basement: Block,8 ft+ Pour,Full,Storage/Locker,Walk-Out Access
Interior area
- Total structure area: 4,372
- Total interior livable area: 4,372 sqft
- Finished area above ground: 4,372
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Attached, Asphalt, Garage Door Opener, Multiple Garages, Paved Lot, Tuckunder Garage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
- Details: Garage Dimensions (19x36), Garage Door Height (7), Garage Door Width (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: Partial,Wood
Lot
- Size: 6,534 Square Feet
- Dimensions: 53 x 122
- Features: Near Public Transit, Tree Coverage - Medium
- Topography: Level,Walkout
Details
- Foundation area: 2186
- Parcel number: 1102824210129
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Block, Post and Beam, Brick, Concrete
- Roof: Flat,Other
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Chicago Ave Park
HOA
- Amenities included: Laundry
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $616,000
- Annual tax amount: $10,401
- Date on market: 7/24/2024
- Cumulative days on market: 6 days
- Tenant pays: Electricity, Fuel, Gas, Heat, Grounds Care, Snow Removal
Price history
| Date | Event | Price |
|---|---|---|
| 9/6/2024 | Sold | $750,000+8.7%$172/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6573702 Report a problem | ||
| 7/30/2024 | Pending sale | $689,999$158/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6573702 Report a problem | ||
| 7/24/2024 | Listed for sale | $689,999+76.7%$158/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6573702 Report a problem | ||
| 8/15/2014 | Sold | $390,400$89/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2184879 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,197 +0.5% | $616,000 |
| 2024 | $11,143 +7.1% | $616,000 -11.7% |
| 2023 | $10,401 -6.2% | $698,000 +7.9% |
| 2022 | $11,091 +3.8% | $646,900 -0.9% |
| 2021 | $10,681 +1.7% | $653,000 |
| 2020 | $10,497 -1.7% | $653,000 +10% |
| 2019 | $10,681 +1.7% | $593,500 +12% |
| 2018 | $10,497 +27.5% | $530,000 +32.2% |
| 2017 | $8,236 +9.6% | $401,000 +5.5% |
| 2016 | $7,514 +2.4% | $380,000 +15% |
| 2015 | $7,338 +23.8% | $330,500 +14% |
| 2014 | $5,928 +10.2% | $290,000 +7.8% |
| 2013 | $5,380 -8.1% | $269,000 -9.9% |
| 2012 | $5,856 +7.6% | $298,500 |
| 2011 | $5,443 +0.6% | $298,500 -11.9% |
| 2010 | $5,412 -13.7% | $339,000 -10% |
| 2009 | $6,269 +0.9% | $376,500 -5% |
| 2006 | $6,214 -2% | $396,500 +3.3% |
| 2005 | $6,343 -6.9% | $384,000 |
| 2004 | $6,812 +4.9% | $384,000 +29.9% |
| 2002 | $6,493 -21.3% | $295,500 |
| 2001 | $8,251 | -- |
Find assessor info on the county website
Neighborhood: Bancroft
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Nearby schools
GreatSchools rating
- 6/10Bancroft Elementary SchoolGrades: PK-5Distance: 0.4 mi
- NAAndersen CommunityGrades: PK-8Distance: 1.5 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$772,800
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Estimated market value
$772,800
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- Bancroft
- 3927 Chicago Ave
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