240 Chicago Avenue, Minneapolis, MN 55415

Downtown East, Central Minneapolis, Minneapolis
Building in Downtown East
1 Stories
Built in 2017
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Welcome to 240 Chicago Avenue, a building located in Downtown East, Central Minneapolis, Minneapolis in Minneapolis, MN. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2017. This is a single story building. The market value for the land that the building sits on has been listed at $107,800. In addition, improvements upon the building have an added value of $222,200. In total, the total market value of the property as a whole is $330,000. According to local assessors, the total value of the building is currently valued at $330,000. Specifically, the value of the land that the property sits on has been assessed at $107,800. The building was last assessed in 2022.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2017
Effective Year Built
2017
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
Wood
Building Style
unknown
Exterior Walls Type
Brick
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
1
Business/Commerical Units Count
200
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Commercial
Subdivision
REG. LAND SURVEY NO. 1844
Land Acres
1.45
Standard Land Use Code
Commercial (general)
County Land Use Code
unknown
Legal Description 1
REG. LAND SURVEY NO. 1844 TRACT E IRREGULAR
Ownership
Current Owner's Name
EAST END MINNEAPOLIS LLC
Owner Address - City
MINNEAPOLIS
Owner Address - State
MN
Owner Address - ZIP Code
55415
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Minneapolis Public School District
School Tax School District
MINNEAPOLIS
Census Tract
126102
Census Block Code
2003
Census Group
2
Census Year
2020
Census - Combined Statistical Area - Area Code
378
Census - Combined Statistical Area - Area Name
Minneapolis-St. Paul, MN-WI
Census - County FIPS
27053
Census - Full FIPS
270531261022003
Census - Metro Micro Statistical Area - Area Code
33460
Census - Metro Micro Statistical Area - Area Name
Minneapolis-St. Paul-Bloomington, MN-WI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
2743000
Census Source
US Census Bureau
Census State FIPS
27
Census Tract Code
126102
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
2721240
School District - Unified - Name
Minneapolis Public School District
Zoning
Geography
Assessors Map Reference
MB:10403
District
01
Subdivision Tract Number
E
Parcel
26-029-24-21-0177
Lot Code
unknown
Meridian
SEC 26 QTR 21 TWN 029 RNG 24
Municipality
MINNEAPOLIS
Latitude
44.9765
Longitude
-93.2582
FIPS
27053
Mailing Carrier Code
C091
Mailing Full Street Address
233 PARK AVE STE 201
Mailing House Number
233
Mailing Street Mode
AVE
Mailing Street
PARK
Mailing Unit Number
201
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
1132
Geo Status Code
unknown
Valuation
Timestamp
2024-04-10 05:02:10
UCID Flag
C
More About The Building
In total, the building area is listed as 1,494 square feet. The building itself has 1,494 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 240 Chicago Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Downtown East area have a median price of $2,920. Those in the 25th percentile, have a price around $2,406. While those in the 75th percentile, have a price around $4,008. Typically, the buildings in this area have a median sqft of 1,128. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 8 one bedroom listings. The median price for these types of listings is $2,065. That's $2.55 price per sqft.

  • There are currently a total of 21 two bedroom listings. The median price for these types of listings is $2,995. That's $2.59 price per sqft.

  • There is currently a single advertised three bedroom listing.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
240 Chicago Avenue is located in Hennepin County, Minnesota. There are 1,209,265 people living here. There are 493,832 households. Most of these households have an average family size of 3.09 people. According to the census, 38% are currently renting while 62% own their homes. The median age of this population is around 36.2 years old. On average, most folks in the county are unmarried. About 17% of folks speak a language other than English in this area. The area's employment rate is currently around 68.3%. Speaking of employment, the median income is $67,989. Most folks will commute by car for around 23.2 minutes. Finally, we know that 18% of residents in the area have graduated with their high school degree. Additionally, 31% and 17% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Minneapolis - St. Paul, MN - WI Urban Area has a population of 2,765,726 people. Based on census records, there are 1,080,214 registered households. Families in this area are on average made up of 3.15 people per household. Most folks are unmarried. They are also typically around 36.1 years old. Does diversity matter to you? Right now, 16% of folks speak a language other than English here. About 33% rent while 67% purchased their homes. Right now, the community is made up of 20% of residents who have graduated with at least a high school degree. On top of that, 28% have a Bachelor's degree and 15% have a Master's degree. The employment rate is currently around 68.5%. Those employed, have a median income of $69,937. If you move here, you can expect to commute mostly by car for around 24.2 minutes.

-
Studio Median Rent
$2,065
1BR Median Rent
$2,995
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
3
7
22
Washington Ave S & Chicago Ave S (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
465
490
475
Washington Av at Chicago Av SW corner (Under 500 ft - 3 min walk)
MVTA
695
698
774
795
3rd St S & Chicago Ave S (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
3
7
22
Washington Ave S & Chicago Ave (Under 500 ft - 3 min walk)
Metro Transit, Metro Transit (Met Council), Maple Grove, Plymouth, SouthWest Transit, Airport (MAC), University of Minnesota, Catch the Link
465
490
475
Washington Av at Park Av NW corner (Under 500 ft - 3 min walk)
MVTA

Nearby Schools

(within attendance boundary)
Webster Elementary  •  1.19 mi
425 5th Street Ne, Minneapolis, MN 55413
Public  •  Elementary  •  Grades PK to 5
Minneapolis Public School District
NORTHEAST MIDDLE  •  3.3 mi
2955 Ne Hayes St, Minneapolis, MN 55418
Public  •  Middle School  •  Grades 6 to 8
Minneapolis Public School District
EDISON SENIOR HIGH  •  2.27 mi
700 22nd Ave Ne, Minneapolis, MN 55418
Public  •  High School  •  Grades 9 to 12
Minneapolis Public School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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