3215 Chicago Ave S, Minneapolis, MN, 55407
About This Home
Solid brick fourplex on Chicago Avenue South, three units leased and a vacant fourth ready for the next owner to set the rate. Current rents run $1,175 to $1,200 per month with long-term tenants in place. The boiler was replaced seven years ago and the water heater for Unit 2 is new in 2023. Hardwood floors throughout, radiator heat, and individual water heaters per unit. A Metro Transit stop sits directly in front of the building, making this an easy leasing story for future tenants. Consistent occupancy in a neighborhood with steady rental demand.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1929
Materials
- Roof: Flat
Type & Style
- Home type: MultiFamily
- Property subType: Apartment
Interior
Appliances
- Laundry features: Coin-op Laundry Owned
Basement
- Has basement: Yes
- Basement: Partial
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Finished area below ground: 0
- Finished area above ground: 2,760
Heating
- Heating features: Hot Water
Interior Area
- Total structure area: 4,140
- Total interior livable area: 2,760 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0202824240052
- Zoning description: Residential-Multi-Family
- Foundation area: 1380
Features
- Levels: Two
- Fencing: Chain Link
Lot
- Lot size: 4,791 sqft
- Features: Near Public Transit
- Lot size dimensions: 124 x 40
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Hail
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,527 | $30,324 |
| Home Insurance * | $341 | $4,092 |
| Property Taxes | $458 | $5,496 |
| Electricity | $232 | $2,793 |
| Total | $3,558 | $42,696 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Pending sale | $499,900 |
| 2026-06-24 | Listed for sale | $499,900 |
| 2018-05-11 | Sold | $385,000 |
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