Minneapolis, MN 55407 3845 Chicago Avenue
$606,900
47 more
Presented By: Metro Group Real Estate
SQFT • 5,369
Home Details
This 6-unit apartment building is classic brownstone building built in 1931. It has five 2-bedroom units and one studio unit. Fully occupied remodeled units. Updated vinyl windows, roof replaced in 2010, six newer furnaces & electric meters and newer coin laundry in the basement. Tier 1 rental license and professionally managed by a reputable local management company. Located in south Minneapolis, the property is near several parks and lakes including Lakes Nokomis, Hiawatha and Powderhorn. No lack of supply of restaurants and retail in the neighborhood.
Presented By: Metro Group Real Estate
Interior Features for 3845 Chicago Avenue
Other Interior Features
Basement (Y/N)Yes
FuelNatural Gas
Garage Dimensions
Garage Door Width
Garage Square Feet
General for 3845 Chicago Avenue
AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
Association AmenitiesCoin-op Laundry Owned
Carport Spaces
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingWindow Unit(s)
CountyHennepin
Current UseResidential
DirectionsI-35W N - Follow I-35W N to 2nd Ave S in Minneapolis. Take exit 14 from I-35W N - Follow E 36th St, Portland Ave S and E 39th St to Chicago Ave
Electric Expense900
Fuel Expense2100
Garage Spaces
Gross Income89346
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense6700
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense2000
Net Operating Income48556
Number Of Units Total6
Operating Expense40567
OwnerPaysElectricity, Gas, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameChicago Ave Park
Tax Annual Amount11288
Tax Year2025
Tenant PaysElectricity
Trash Expense4500
UtilitiesElectric Common, Heating Common, Hot Water Common
Water Sewer Expense2350
Year Built1931
Zoning DescriptionResidential-Multi-Family, Residential-Single Family
Exterior for 3845 Chicago Avenue
Building Area Total5369
Foundation Area1790
InclusionsBuilding
Lot Dimensions46.00 X 122.00
Lot Size Area0.13
Parking FeaturesPaved
Water SourceCity Water - In Street
Additional Details
Price History
John Wichmann
Agent