3845 Chicago Ave - Apartments FOR SALE


Minneapolis, MN 55407- Bancroft
$651,700 USD
952-445-5970
3845 Chicago Ave, Minneapolis, MN for Sale
$651,700 USD
Apartments - FOR SALE
1/52
null | 6.8% Cap Rate

3845 Chicago Ave
Minneapolis, MN 55407
Bancroft


HIGHLIGHTS

  • Units have been Remodeled
  • Very Clean Building
  • Convenient, High Visibility Location

OVERVIEW

This 6-unit apartment building is classic brownstone building built in 1931 with hardwood floors, high ceilings and classic architecture for the time. It has five 2-bedroom units and one studio unit. Fully occupied remodeled units. Updated vinyl windows, roof replaced in 2010, six newer 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 shortage of restaurants and retail in the neighborhood.

FOR SALE DETAILS

PRICE

$651,700 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,617

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,611 SF

ZONING

R4

APN/PARCEL ID

11-028-24-21-0101

ASK ABOUT THIS PROPERTY

Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.