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2726-28 Chicago AVE Minneapolis, MN 55407
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Key Details
Sold Price $405,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Edwin B Smiths 1St Add
MLS Listing ID 6267010
Sold Date 04/05/23
Year Built 1903
Annual Tax Amount $7,320
Tax Year 2023
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 41x123
Property Description
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Parking Lot
Garage Spaces 1.0
Utilities Available Electric Common, Heating Common
Roof Type Asphalt
Present Use Residential
Building
Foundation 1
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Stucco
Schools
School District Minneapolis
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