#6725446, Listing office: National Realty Guild
$750,000 List price
3923 Chicago Ave Minneapolis, MN 55407
5,500 sqft
$136 / sqft
Multi-Family
Property details
About 3923 Chicago Ave
Outstanding, income generating 4- plex building in a desirable location-across from Phelps Park and on a bus line. Featuring four spacious units - 1100 sq. feet each. Three of the units feature (2 bedrooms, 1 bath, 1 tucked under car garage and 1 storage room) per unit, 4th Unit features (2 bed/1 bath + heated 4 season’s porch-home office, 1 garage and 1 storage room). None conforming fifth unit in the basement utilized as a maintenance and storage room. Old charm featuring-hard wood floors, crown molding, built in buffet, tiled bathrooms and kitchens, newer appliances, roof replaced in 2016, coin operated washers and dryers in basement. This is an excellent investment opportunity!
Highlights
Home typeQuadruplex
HeatingSteam, Hot Water, Radiant
StatusActive
Size5,500 sqft
BasementYes
Year built1925
MLS #6750978
Garage4 spaces
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Heating: Steam, Hot Water, Radiant
- List Price: $750,000
- Price/SqFt: $136
- Annual Tax Amount: $10,120
- Tax Year: 2023
- Directions: Portland to 40th St, East to Chicago, North to Home
- Year Built: 1925
- Living Area: 5,500 SqFt
- MLS Number: 6750978
- MLS Name: NORTHSTAR
- Office Name: Bridge Realty, LLC
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 23, 2021 | Home Sold | $670,000 |
| Jan 09, 2009 | Home Sold | $190,000 |
| Mar 27, 2007 | Home Sold | $550,000 |
| Jan 10, 2006 | Home Sold | $367,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $634,000 | $10,120 |
| 2022 | $592,900 | $9,532 |
| 2021 | $290,500 | $8,820 |
| 2020 | $581,000 | $8,509 |
| 2019 | $528,000 | $9,338 |
| 2018 | $471,500 | $8,561 |
| 2017 | $399,500 | $7,327 |
History based on county public records data.
Nearby schools
4
Bancroft Elementary School
Public Magnet PK-5
0.3 mi
•3829 13th Ave S
3
Green Central Park Elementary School
Public District PK-5
0.7 mi
•3416 4th Ave S
1
Hiawatha Leadership Acdy-Northrop
Public Charter KG-4
1.0 mi
•1611 E 46th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,250. Typical income of Minneapolis, MN residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
35%
<35k
46%
35k-100k
17%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
44%
Single, No Kids
16%
Single, with Kids
23%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
41%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Music Concerts
Where do the neighbors shop?
IKEA
Crate & Barrel
H&M
Where do the neighbors go to eat?
Quiznos
Starbucks
Chipotle
What do the neighbors drive?
Lexus
BMW
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3923 Chicago Ave
The listing price of 3923 Chicago Ave property is $750,000.
The property 3923 Chicago Ave is a multi located in Minneapolis, Minnesota, 55407.
Active Listing: 3923 Chicago Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3923 Chicago Ave are: Bancroft Elementary School (GreatSchools Rating 4/10), Green Central Park Elementary School (GreatSchools Rating 3/10), Hiawatha Leadership Acdy-Northrop (GreatSchools Rating 1/10), Southside Family Charter School (GreatSchools Rating 5/10), Hiawatha College Preparatory - Kingfield (GreatSchools Rating 5/10), Hiawatha College Preparatory - Northrop (GreatSchools Rating 2/10), El Colegio Charter School (GreatSchools Rating 1/10), Wellstone High School - Sws (GreatSchools Rating 2/10), Wellstone International High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,120 (source: MLS/based on county public records data).
The last sale was on April 23, 2021 for $670,000 (source: MLS/tax record).
The property 3923 Chicago Ave is 5,500 SqFt (source: MLS/tax record).
The year of construction for 3923 Chicago Ave is 1925.
This home is located at 3923 Chicago Ave in Minneapolis, MN and zip code 55407 in the Bancroft neighborhood. This 5,500 square foot home was built in 1925. Features: 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $750,000.
Over 634 listings were sold over their listed price in June 2025 in Minneapolis, MN. In the same period over 363 listings were sold below the listed price and 245 listings were sold for the listed price. Between May and June 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 3.4%. Listings spent 23 days on the market in June 2025, and had a median list price of $359,091 during the same period.
From Rocket Homes Real Estate and based on county public records data.