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$585,000 Contingent

  • For Sale
  • Contingent
  • Commercial
  • 0.13 Acres
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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 separate 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.

Full Property Details for 3845 Chicago Ave

General

  • Price: $585,000
  • Taxes: $11,288 (2025)
  • Status: Contingent
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6768264
  • Updated: 3/13/2026
  • Added to Site: 239 day(s) ago

Interior

  • Appliances: Range, Refrigerator

Parking

  • Parking Features: Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Chicago Ave Park
  • Neighborhood: 3
  • Driving Directions: I-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

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Brick, Frame
  • Basement: Yes
  • Foundation Size: 1790
  • Disability Access: None
  • Current Bldg. Use: Residential
  • Year Built: 1931

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 46.00 x 122.00
  • Zoning: Residential-Multi-Family, Residential-Single Family

Financial Considerations

  • Operating Expenses: $40,567
  • Tax Amount: $11,288
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Electricity, Gas, Heat, Hot Water, Grounds Care, Repairs, Management, Pest Control, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 004 CHICAGO AVE PARK LOT 17 AND S 3 1/2 FT OF LOT 18
  • Inclusions: Building
  • Property ID: 1102824210101

Listed by Metro Group Real Estate

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— 3845 Chicago Ave —

  • Metro Group Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3845 Chicago Ave

School District:Minneapolis Public School District
NameGradesDistance
Bancroft Elementary School
3829 13th Avenue South, Minneapolis, MN 55407
PK-50.3 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.4 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121.3 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 3845 Chicago Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Price Reduced
$585,000
-3.61%
MLS
10/27/2025
Price Reduced
$606,900
-6.87%
MLS
8/11/2025
Price Reduced
$651,700
-2.95%
MLS
8/08/2025
Listed
$671,500
196.53%
MLS
4/08/2013
Sold
$226,452
—
Public Record
Get Price Alerts and Save Property
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 3845 Chicago Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,288
8%
$621,000
-5%
2023
$10,425
-4%
$653,000
-3%
2023
$10,822
—
$673,000
12%
2023
$10,822
22%
$600,500
20%
2020
$8,852
18%
$500,500
21%
2019
$7,517
17%
$414,000
18%
2018
$6,438
13%
$351,000
15%
2017
$5,716
4%
$305,000
7%
2016
$5,484
6%
$284,000
11%
2015
$5,172
-7%
$255,500
—
2014
$5,562
-15%
$255,500
—
2013
$6,531
—
$255,500
—
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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Listed by Metro Group Real Estate

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3845 Chicago Avenue, Minneapolis, MN 55407 (MLS# 6768264) is a Commercial property. 3845 Chicago Avenue is currently listed for $585,000 and was received on August 08, 2025. Want to learn more about 3845 Chicago Avenue? Do you have questions about finding other Commercial 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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