3845 Chicago Avenue, Minneapolis, MN 55407 - Photo 1

1/1

$597,000

Sold
Closed
Commercial
0.13 Acres
Updated 5 days ago

1/1

Property Description

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

Full Property Details for 3845 Chicago Ave

General

Sold For: $597,000
Taxes: $11,288 (2025)
Status: Closed
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6768264
Added to Site: 291 day(s) ago

Parking

Parking Features: Paved Lot

School Information

School District: 1 - 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

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
Sold by Banneker Realty, LLC

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— 3845 Chicago Ave —

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Schools

Schools serving 3845 Chicago Ave

School District:Minneapolis Public School District

Name	Grades	Distance
Bancroft Elementary School 3829 13th Avenue South, Minneapolis, MN 55407	PK-5	0.3 mi
Andersen Community 1098 Andersen Lane, Minneapolis, MN 55407	6-8	1.4 mi
South Senior High School 3131 19th Avenue South, Minneapolis, MN 55407	9-12	1.3 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

Date

Details

Price

Change

Source

5/20/2026

Sold

$597,000

2.05%

MLS

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

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 4 days ago

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Beds
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Total Baths
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4
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$395,000

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Updated 5 days ago

4
Beds
3
Total Baths
2,180
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Price Reduced

-$5,000 (-2.33%)

$209,900

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Active
Updated 5 days ago

2
Beds
3
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Price Reduced

-$20,100 (-3%)

$649,900

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Single Family
Active
Updated 5 days ago

4
Beds
3
Total Baths
3,480
Sq. Ft.

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Price Reduced

-$4,000 (-1.83%)

$214,900

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Townhouse
Active
Updated 4 days ago

2
Beds
2
Total Baths
1,598
Sq. Ft.

Listed by eXp Realty

3917 Chicago Ave, Minneapolis, MN 55407 - Photo 1

Sold

$625,000

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Multi-Family
Closed

4
Units
8
Total Beds

Listed by Margaret Thorpe Richards
Sold by RE/MAX Results

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Sold

$652,500

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Single Family
Closed
Updated 12 days ago

4
Beds
4
Total Baths
2,910
Sq. Ft.

Listed by Keller Williams Integrity Realty
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Sold

$552,000

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Single Family
Closed
Updated 7 days ago

3
Beds
3
Total Baths
2,916
Sq. Ft.

Listed by RE/MAX Results
Sold by Keller Williams Realty Integrity Lakes

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Sold

$575,000

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Multi-Family
Closed

4
Units
7
Total Beds

Listed by RE/MAX Results
Sold by Compass

3845 Chicago Avenue, Minneapolis, MN 55407 (MLS# 6768264) is a Commercial property that was sold at $597,000 on May 20, 2026. 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.

3845 Chicago Ave Minneapolis, MN 55407