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MLS: #7074993, Listed By: David Berglund, Summit Realty LLC, Source:FargoMoorhead Area Association of REALTORS

3605 S 3rd Avenue

Minneapolis, MN 55409
Mark as Favorite
Bed 7

Bed

Bath 3

Bath

SqFt2,570

Sqft

Acres0.12

Acre(Lot)

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 confor ming 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $419,900

AD Id : 79771078

MLS Id : 7074993

Beds : 7

Lot Size : 0.12 Acre

Living Area Size : 2,570

Year Built : 1910

County : Hennepin

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Unfinished
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Space Heater

  • Building Information

    Year Built: 1910 Building Area Total: 3604 Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 40x130 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2

  • Listing Price Information

    Listing Price: $419900

  • Tax Information

    Parcel Number: 0302824440050 Annual Tax: $6577

  • Location Information

    Direction: Near 36th and 3rd Ave. S. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3901 5th Avenue, Minneapolis, MN, 55409 $279,900 6 2 2,732 2,732 SqFt
4001 5th Avenue, Minneapolis, MN, 55409 $450,000 5 2 1,988 1,988 SqFt
4330 5th Avenue, Minneapolis, MN, 55409 $949,900 11 6 4,212 4,212 SqFt
9 E 37th Street, Minneapolis, MN, 55409 $180,000 5 4 2,148 2,148 SqFt
3917 Garfield Avenue, Minneapolis, MN, 55409 $539,950 4 3 2,270 2,270 SqFt
4328 Lyndale Avenue, Minneapolis, MN, 55409 $724,900 4 3 4,584 4,584 SqFt
4353 Bryant Avenue, Minneapolis, MN, 55409 $429,900 3 2 1,950 1,950 SqFt
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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 06/06/2026 @ 09:59

MLS: 7074993 LISTED BY: David Berglund, Summit Realty LLC 612-708-2631 SOURCE: FargoMoorhead Area Association of REALTORS

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