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$550,000

  • For Sale
  • Active
  • Commercial
  • 0.11 Acres
See This Home
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Completely renovated, turn-key commercial property offering exceptional office potential with extensive improvements inside and out. The main level offers an excellent combination of large open work areas, four individual offices, a reception area, and a common area, as well as other business needs, including a kitchenette and a 1/2 restroom. The finished lower level provides substantial additional usable space, with separate entrances at both the front and rear of the building. It includes a bedroom with egress window, an additional office space, a kitchenette, and a bathroom, providing excellent separation and flexibility for a variety of business or office configurations. Updated flooring, recessed lighting, new bathrooms but major improvements extend well beyond cosmetic finishes, including new roof, new HVAC equipment, new plumbing, and a new electrical system. Outside, the property features a fully fenced backyard with alley access, offering additional privacy, convenience, and usable exterior space. This property presents an excellent opportunity to acquire a truly turn-key commercial building with substantial finished office space and a highly adaptable layout that is ready for immediate use.

Full Property Details for 4308 Chicago Ave

General

  • Price: $550,000
  • Taxes: $8,213 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7119638
  • Updated: 8/6/2026
  • Added to Site: 36 day(s) ago

Interior

  • Flooring: Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1

Exterior

  • Porch/Patio/Deck: Enclosed, Patio

Parking

  • Parking Features: Open

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Higgins 1st Add
  • Neighborhood: 66
  • Driving Directions: Get on MN-65 3 min (0.8 mi) Take I-35W S to Stevens Ave. Take exit 13 from I-35W S 4 min (3.4 mi) Follow E 46th St to Chicago Ave 4 min (1.0 mi) Destination will be on the left

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Exterior Const.: Block, Stone
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Single Tenant Access
  • Foundation Size: 1500
  • Roof: Flat
  • Disability Access: Wheelchair Ramp(s)
  • Current Bldg. Use: Office
  • Year Built: 1911

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 40 x 124
  • Frontage: City Street
  • Potential Use: Office, Professional Service
  • Zoning: Business/Commercial, Residential-Single Family
  • Lot Description: Cleared
  • Fencing (Description): Full

Financial Considerations

  • Tax Amount: $8,213
  • Tax Year: 2026
  • Terms: Adj. Rate/Gr Payment, Conventional, Cash, Other, Special Funding

Disclosures and Reports

  • Legal Description: LOT 003 BLOCK 001 HIGGINS 1ST ADDN TO MPLS
  • Inclusions: Building
  • Property ID: 1102824320116

Listed by National Realty Guild

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Listing agents

— 4308 Chicago Ave —

  • National Realty Guild

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 4308 Chicago Ave

School District:Minneapolis Public School District
NameGradesDistance
Field Elementary School
4645 4th Avenue South, Minneapolis, MN 55419
3-50.6 mi
Hale Elementary School
5330 13th Avenue South, Minneapolis, MN 55417
K-21.3 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.1 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
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 4308 Chicago Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/05/2026
Listed
$550,000
120%
MLS
5/28/2021
Sold
$250,000
—
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 4308 Chicago Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,213
12%
$292,000
5%
2024
$7,364
4%
$277,000
1%
2023
$7,079
—
$275,000
—
2023
$7,052
—
$275,000
15%
2023
$7,052
28%
$239,000
17%
2020
$5,518
-3%
$205,000
—
2019
$5,687
-7%
$205,000
-5%
2018
$6,147
-15%
$215,500
3%
2017
$7,198
6%
$209,000
2%
2016
$6,800
-5%
$205,000
—
2015
$7,177
7%
$205,000
10%
2014
$6,716
-54%
$187,000
-7%
2013
$14,645
—
$202,000
—
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 National Realty Guild

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4308 Chicago Avenue, Minneapolis, MN 55407 (MLS# 7119638) is a Commercial property. 4308 Chicago Avenue is currently listed for $550,000 and was received on August 05, 2026. Want to learn more about 4308 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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