BEDS0
BATHS
SQUARE FEET2,560
MLS#7046327
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMinneapolis
Property Description
The investment opportunity you've been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors?ideal for attracting top-market rents while minimizing future repair costs. Owner occupant investors welcomed with lower unit lease ending 5/31!With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Heating: Boiler, Hot Water
Lot Size: 0.14 Acres
Roof Type: Asphalt, Rubber
Taxes: $5,099
Year Built: 1902
Feature Descriptions
Accessibility: Stair Chair Lift
Days on Site: 27
Foundation Size: 1280
Lot Dimensions: 46x128
Owners Expense: Insurance, Repairs, Taxes
Parcel#: 0302824130010
Parking: Gravel
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Lawn Care, Snow Removal
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Keller Williams Classic Rlty NW
Agency Phone: 763-463-7500
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 1,494.74 per month $945.87 Principal & Interest $424.92 Property Tax $123.96 Homeowner's Insurance
3232 3rd Avenue S | MLS# 7046327
This multi-family property located at 3232 3rd Avenue S, Minneapolis, MN 55408 is currently listed for sale with an asking price of $425,000. 3rd Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.