MLS: #7075302, Listed By: David Berglund, Summit Realty LLC, Source:FargoMoorhead Area Association of REALTORS
3500 1st Avenue
Minneapolis, MN 55408
12
Bed
4
Bath
4,680Sqft
0.14Acre(Lot)
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 wi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Full -
Roofing Information
Flat -
Interior Features
Roof: Flat -
Heating & Cooling
Has Heating: Yes
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Building Information
Year Built: 1914 Building Area Total: 7020 Stories: 2 Patio And Porch Features: Patio Pool Features: None Private Pool: No
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Lot Information
Lot Dimensions: 47 x 126 Main Square Feet: 0.14 Acres Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4 Lot Description: Near Public TransitProperty Information
Subdivision: Shartles Add Source Property Type: Residential Income Postal Code Plus 4: 9763 Property SubType: Quadruplex Levels: Two Property Age: 112
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Listing Price Information
Listing Price: $744900 Original Price: $774900
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Tax Information
Parcel Number: 0302824420124 Tax Year: 2026 Annual Tax: $11718 Tax Legal Desc: LOT 001 BLOCK 001 SHARTLES ADDN TO MPLS
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Garage Information
Has Garage: Yes Garage Space: 3
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Location Information
Direction: From 35W, exit 35/36 Streets, go W on 35th, SW corner of 35th and 1st WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2621 2nd Avenue, Minneapolis, MN, 55408 | $550,000 | 12 | 4 | 3,836 | 3,836 SqFt |
| 3336 3rd Avenue, Minneapolis, MN, 55408 | $999,900 | 9 | 6 | 3,772 | 3,772 SqFt |
| 2825 Pillsbury Avenue, Minneapolis, MN, 55408 | $480,000 | 8 | 2 | 3,720 | 3,720 SqFt |
| 2700 Pillsbury Avenue, Minneapolis, MN, 55408 | $749,900 | 7 | 4 | 5,400 | 5,400 SqFt |
| 3514 Grand Avenue, Minneapolis, MN, 55408 | $849,900 | 10 | 8 | 4,900 | 4,900 SqFt |
| 2809 Garfield Avenue, Minneapolis, MN, 55408 | $440,000 | 5 | 2 | 2,863 | 2,863 SqFt |
| 3427 Garfield Avenue, Minneapolis, MN, 55408 | $460,000 | 5 | 3 | 2,164 | 2,164 SqFt |
| 2740 Lyndale Avenue, Minneapolis, MN, 55408 | $680,000 | 8 | 4 | 2,856 | 2,856 SqFt |
| 3524 Lyndale Avenue, Minneapolis, MN, 55408 | $849,000 | 4 | 2 | 2,800 | 2,800 SqFt |
| 3429 Aldrich Avenue, Minneapolis, MN, 55408 | $374,900 | 3 | 2 | 1,623 | 1,623 SqFt |
Similar Multifamily To 3500 1st Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 07/29/2026 @ 17:45
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