3500 1st AVE S, Minneapolis, MN 55408
3500 1st AVE S, Minneapolis, MN 55408
3500 1st AVE S, Minneapolis, MN 55408
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Meta Realty

Meta Realty

Meta Realty

+1(952) 243-0037
$774,900
Est. payment /mo
12 Beds
4 Baths
4,680 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,680 sqft

Price per Sqft $165

Subdivision Shartles Add

MLS Listing ID 7075302

Bedrooms 12

Year Built 1914

Annual Tax Amount $11,718

Tax Year 2026

Contingent None

Lot Size 6,098 Sqft

Lot Dimensions 47 x 126

Property Sub-Type Fourplex

Property Description

Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers.



Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core.

Public Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience.

The property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential.

Ideally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location.

Additional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units.

Perfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Boiler

Fireplace No

Exterior

Parking Features Detached Garage

Garage Spaces 3.0

Fence Privacy, Wood

Pool None

Roof Type Flat

Building

Lot Description Public Transit (w/in 6 blks)

Story Two

Foundation 2340

Sewer City Sewer/Connected

Water City Water - In Street

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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Listed by David Berglund • Summit Realty LLC

Questions about this property?

Meta Realty
Meta Realty

Brokerage | License ID: 40908061

+1(952) 243-0037 | info@metarealtymn.com

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3500 1st AVE S

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