3232 3rd AVE S, Minneapolis, MN 55408 - MLS#6807838

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$449,000

Est. payment - /mo

5 Beds

2 Baths

2,560 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,560 sqft

Price per Sqft $175

MLS Listing ID 6807838

Style (MF) Duplex Up and Down

Bedrooms 5

Year Built 1902

Annual Tax Amount $5,099

Acres 0.14

Lot Dimensions 46x128

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.
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 portfolio 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.

Don't miss this cash-flow opportunity with built-in equity potential—schedule your showing today!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Direction 35w to 31st, east to 3rd, south to property.

Rooms

Basement Full, Unfinished

Interior

Heating Boiler, Hot Water

Flooring 6098.4

Exterior

Roof Type Asphalt Shingles,Rubber

Accessibility Stair Chair Lift

Building

Foundation Concrete Block

Water City Water/Connected

Architectural Style (MF) Duplex Up and Down

Others

Senior Community No

Tax ID 0302824130010

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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Listed by Keller Williams Classic Rlty NW

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