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$584,900 -$15,000 (-2.5%) Price Reduced

  • For Sale
  • Active
  • Triplex
  • 12 Beds
  • 5 Total Baths
  • 4,439 Sq. Ft.
  • 2 Car Garage
  • Updated 5 days ago
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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.

Full Property Details for 3018 Chicago Ave

General

  • Price: $584,900
  • Taxes: $12,680 (2026)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7111896
  • Updated: 8/22/2026
  • Added to Site: 41 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 12

Other Rooms

  • Laundry: Common Area, Common Area

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Chicago Lake Park Add
  • Neighborhood: 11
  • Driving Directions: From I-35W take exit 15A toward 31st St/Lake St., R onto E 31st St., L onto Chicago Ave., turn L., destination will be on the Left.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Baseboard, Fireplace(s)
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Full
  • Foundation Size: 1596
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: None
  • Square Feet: 4,439
  • Above Ground: 3,638 Sq. Ft.
  • Below Ground: 1,596 Sq. Ft.
  • Finished Down/Base.: 5,234 Sq. Ft.
  • Year Built: 1909

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 124 x 47
  • Frontage: City Street
  • Fencing (Description): Wood

Financial Considerations

  • Operating Expenses: $5,000
  • Tax Amount: $12,680
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Broadband, Electricity, Fuel
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 001 CHICAGO LAKE PARK ADDN TO MPLS S 30 FT OF LOT 5 AND N 17 FT OF LOT 6
  • Property ID: 202824220008

Listed by RE/MAX Results

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— 3018 Chicago Ave —

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Schools serving 3018 Chicago Ave

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-51.1 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-82.5 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3018 Chicago Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/22/2026
Price Reduced
$584,900
-2.5%
MLS
8/06/2026
Price Reduced
$599,900
-4.76%
MLS
7/29/2026
Price Reduced
$629,900
-3.08%
MLS
7/20/2026
Listed
$649,900
20.35%
MLS
9/05/2023
Sold
$540,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3018 Chicago Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,869
-22%
$519,700
2%
2024
$12,699
65%
$512,000
6%
2023
$7,710
14%
$482,000
14%
2023
$6,779
—
$421,000
-1%
2023
$6,779
1%
$425,000
12%
2020
$6,690
7%
$378,500
10%
2019
$6,244
10%
$344,000
11%
2018
$5,684
9%
$310,000
11%
2017
$5,219
12%
$278,500
15%
2016
$4,679
14%
$242,000
20%
2015
$4,089
7%
$201,500
15%
2014
$3,823
-5%
$175,000
-4%
2013
$4,008
—
$182,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3018 Chicago Avenue, Minneapolis, MN 55407 (MLS# 7111896) is a Triplex property with 12 bedrooms and 0 full bathrooms. 3018 Chicago Avenue is currently listed for $584,900 and was received on July 18, 2026. Want to learn more about 3018 Chicago Avenue? Do you have questions about finding other Triplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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