Property

Minneapolis, MN 55407 3923 Chicago Avenue

$750,000

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Presented By: Bridge Realty, LLC
  • MLS# 6750978
  • 07/08/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 5,500
  • Garage • 4

Home Details

Outstanding, income generating 4- plex building in a desirable location-across from Phelps Park and on a bus line. Featuring four spacious units - 1100 sq. feet each. Three of the units feature (2 bedrooms, 1 bath, 1 tucked under car garage and 1 storage room) per unit, 4th Unit features (2 bed/1 bath + heated 4 season’s porch-home office, 1 garage and 1 storage room). None conforming fifth unit in the basement utilized as a maintenance and storage room. Old charm featuring-hard wood floors, crown molding, built in buffet, tiled bathrooms and kitchens, newer appliances, roof replaced in 2016, coin operated washers and dryers in basement. This is an excellent investment opportunity!
Presented By: Bridge Realty, LLC

Interior Features for 3923 Chicago Avenue

Other Interior Features

Above Grade Finished Area4991
BasementFinished, Partially Finished, Shared Access, Storage Space
Basement (Y/N)Yes
Below Grade Finished Area509
FuelNatural Gas
Garage Square Feet800

General for 3923 Chicago Avenue

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned, Patio
CityMinneapolis
Construction MaterialsStucco
ContingencyNone
CountyHennepin
DirectionsPortland to 40th St, East to Chicago, North to Home
Electric Expense720
Fuel Expense3000
Garage Spaces4
Gross Income72120
HeatingBoiler, Hot Water, Radiant
High School DistrictMinneapolis
Insurance Expense3693
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area5500
Lot Size UnitsAcres
MaintenanceExpense4000
New ConstructionNo
Number Of Units Total4
Operating Expense21013
OwnerPaysFuel, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount10288
Tax Year2025
Tenant PaysCable TV, Electricity
Trash Expense1180
Water Sewer Expense2420
Year Built1925

Exterior for 3923 Chicago Avenue

Building Area Total5500
Foundation Area2442
Lot Dimensions122x53
Lot Size Area0.15
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $750,000
MLS#6750978
List Date 07/08/2025
Property Type Multi-Family
Phone (612) 309-4749
Request Tour
Request Info
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