2726-28 Chicago Avenue Minneapolis, MN 55407 (Pending)

$429,900 N/A N/A
Price Bedrooms Bathrooms
Price has dropped 9.5% since 10/16/2022 Price History
Status: Pending

MLS #: 6267010
Apartment Sq. Feet: N/A
On Site: 161 Days Lot Size: 0.12 Acres
Neighborhood: See All Properties for Sale in Phillips West
DESCRIPTION
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This is a perfect opportunity to acquire Naturally Occurring Affordable Housing and a great candidate for the 4D Tax Program to optimize cash flow.
The property has been in the owner's family for generations and has been routinely maintained with no vacancy in the past 4+ years due to long-term tenants. Major capital items are replaced as needed
and are performing. The units are charming with long-term tenants, kitchens and bathrooms were improved in the mid-2000s and have hardwood floors with lots of storage space. Units have large closets and additional storage in the basement.
FEATURES / AMENITIES
Patio/Porch Type: Rear Porch
Garage Dimensions: 1(1 sq.ft.)
Garage Door: 1 ft. wide X 1 ft. tall
Cooling: Window Unit(s)
Heating: Boiler
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.12 Acres
Lot Dimensions: 41x123
Garage Spaces: 1
Parking Features: Parking Lot
Utilities: Electric Common, Heating Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning: Residential-Multi-Family
Directions: 35W to E 28th St, go east to Chicago avenue, go north on Chicago avenue, property will be on your left.
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Sale Includes: Building, Land
Tax Year: 2023
Tax Annual Amount: $7, 320
Gross Income: $59, 760
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Listing Information Last Updated 3/25/2023
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Property Summary

2726-28 Chicago Avenue
Minneapolis, MN 55407

MLS®: 6267010

List Price: $429,900

Description:

MLS # 6267010: This property at 2726-28 Chicago Avenue, Minneapolis, MN 55407 is located in the Phillips West subdivision and is listed for $429,900. MLS # 6267010 has been on the market for 160 days.