$1,100,000
3322 Chicago Ave, Minneapolis, MN 55407
Current Rent **
N/A
Projected Rent **
$9,750
3322 Chicago Ave - 5 Unit Apartment Building
Like-new construction, close to 1% rule and fully leased. Appraised for 1.5m in 2023. Incredible opportunity - $1.2m renovation funded by insurance company (storm damage) includes BRAND NEW roof, ALL windows, plumbing, electrical, flooring, bathrooms, kitchens, appliances, and MORE. Each unit has been meticulously gutted and rebuilt from the ground up - all permits pulled and no shortcuts taken.
Fully vacant - opportunity for creative rental strategies OR place your own quality tenants. Spacious 3 bedroom units w/ private laundry in each. Upper 4 units are nearly identical, garden level unit is bigger with exposed beams and impressive floorplan. This is as close to new construction as you'll find - on a quiet block of Chicago. Turnkey and hassle-free - schedule a showing today.
Location:
3322 Chicago Ave, Minneapolis, MN 55407
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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