3024 Chicago AvenueMinneapolis, MN 55407
$579,000
5 bedrooms · 3 bathrooms · 2,775 finished sq ft · 0.12 acre lot
About this home
Rare opportunity to own a highly unique piece of Minneapolis history — this 1908 triplex at 3024 Chicago Avenue has been held by the same family since it was built, now offered to the public for the very first time. 3024 offers two spacious 2BR/1BA units and a studio attic, featuring hardwood floors, natural woodwork, built-ins, and three porches. Included with the sale is the fully renovated carriage house ADU at 3026 Chicago Avenue (same parcel) — a private turnkey 1BR/1BA home with a beautiful modern kitchen, in-unit washer/dryer, and furniture which is included in the sale as well. 3026 was previously rented at $2,100/month. An ideal setup for an owner-occupant seeking added privacy or an investor looking to maximize returns across multiple income streams. Recent combined current rents of $5,600/month with market upside. Great location just blocks from Abbott Northwestern and Children's Hospitals, with easy access to I-35W, Midtown Global Market, and the Lake Street corridor. Fast connections to Downtown Minneapolis and Mall of America via the D Line Rapid METRO. Owner currently pays all utilities. Four off-street parking spaces. Coin-op laundry. Strong in-place cash flow with clear rent upside — a true value-add opportunity in a high-demand rental submarket. All measurements deemed reliable but not guaranteed; buyer to verify.
Home facts
- Home type
- Multi-family home
- Style
- Triplex
- Year built
- 1908
- Bedrooms
- 5
- Bathrooms
- 3
- Finished sq ft
- 2,775
- Lot
- 0.12 acres
- Basement
- Full
- Heating
- Natural Gas
- Property taxes
- $7,710 a year
- Listed
- April 24, 2026
- MLS number
- 7052375
Listing courtesy of MRG Realty Partners, LLC (David B Dirkers). MLS #7052375.
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How it compares
3024 Chicago Avenue, Minneapolis, MN 55407 is a 5-bedroom multi-family home built in 1908 in Central, listed for $579,000 on April 24, 2026 by MRG Realty Partners, LLC. That is in the upper quarter of the 182 multi-family homes for sale in Minneapolis right now (median $399,900; $209 per square foot here against $170 for the group). That works out to $209 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Central, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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