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3024 Chicago Ave
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily investment asset located at 3024 Chicago Ave in Minneapolis
- Acquisition includes a triplex structure plus a separate carriage house
- The current offering is priced at a total of $579,000
- Property performance metrics indicate an 8.4% capitalization rate
- Four total residential units available for potential income generation
What's Special
Investors seeking cash-flow assets will find utility in this triplex property, which includes an additional carriage house. Situated in Minneapolis, this multifamily investment benefits from the city's consistent demand for rental housing across its diverse neighborhoods. The asset functions as a straightforward residential holding, providing multiple income streams within a single acquisition. Minneapolis maintains a robust regional economy supported by major health care, retail, and corporate headquarters, driving a steady need for well-positioned rental units. The configuration of three primary units alongside a carriage house allows for a diversified tenant base or alternative leasing strategies for residential occupants. Proximity to transit corridors and essential local services further bolsters the appeal of this location for long-term hold strategies. This property represents a clear opportunity for those focused on scaling a residential portfolio within the Twin Cities market.
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