3605 S 3rd AVE, Minneapolis, MN 55409
3605 S 3rd AVE, Minneapolis, MN 55409
3605 S 3rd AVE, Minneapolis, MN 55409
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Meta Realty

Meta Realty

Meta Realty

+1(952) 243-0037
$419,900
Est. payment /mo
7 Beds
3 Baths
2,570 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,570 sqft

Price per Sqft $163

MLS Listing ID 7074993

Bedrooms 7

Year Built 1910

Annual Tax Amount $6,252

Tax Year 2026

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 40x130

Property Sub-Type Triplex

Property Description

Public Remarks: Fantastic investment opportunity in the desirable Central neighborhood of South Minneapolis! This classic triplex blends timeless character with solid income potential and long-term upside. The property features updated mechanicals, newer vinyl thermopane windows, and three income-producing units currently rented at $1,575, $1,590, and $1,000 per month.

Located in a highly walkable and bike-friendly area near transit, parks, restaurants, and the Midtown Greenway, this property offers strong tenant appeal and convenient access to everything South Minneapolis has to offer. Ideal for an owner-occupant seeking supplemental rental income or an investor looking for a stable multifamily asset in the urban core.

Opportunity to convert currently rented nonconforming unit to conforming through the addition of an exterior staircase.

Additional financial upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.

Strong cash flow, classic charm, and future upside make this a compelling opportunity in one of Minneapolis' most connected neighborhoods.

Location

State MN

County Hennepin

Rooms

Basement Unfinished

Interior

Heating Forced Air, Space Heater

Fireplace No

Laundry In Basement

Exterior

Parking Features Concrete

Building

Story Two

Foundation 1034

Sewer City Sewer - In Street

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Others

Special Listing Condition In Foreclosure, Short Sale

Read Less Info
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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3605 S 3rd AVE

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