Property Listing
Description
Exceptional investment opportunity! This versatile Minneapolis triplex features 7 bedrooms, 3 bathrooms, and an active short-term rental operation fully licensed by the City of Minneapolis. With projected annual rental income of $48,000 through a combination of short-term and long-term tenants, this property offers flexibility and income potential for investors. Highlights include 7 off-street parking spaces on a concrete driveway, coin-operated basement laundry, a roof approximately 5 years old, and updated HVAC and air conditioning approximately 3 years ago. An additional basement bedroom offers future potential, subject to egress and applicable requirements. Whether you're expanding your portfolio or exploring multiple rental strategies, this property presents an exciting opportunity to invest in Minneapolis real estate!
Property Information
Status: Active
Sub Type: ********
List Price: $369,700
MLS#: 7162268
Current Price: $369,700
Address: 3310 Chicago Avenue, Minneapolis, MN 55407
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: 44.942698
Geo Lon: -93.262995
Subdivision: D W Ellis Add
County: Hennepin
Property Description
Year Built: 1889
Lot Size SqFt: 4059
Gen Tax: 5122.08
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 2836
Below Grade Finished Area: 339
Below Grade Unfinished Area:
Total SqFt.: 3956
Style: Array
Total Bedrooms: 7
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: