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MLS: #7087799, Listed By: Charity Ashpole, National Realty Guild, Source:FargoMoorhead Area Association of REALTORS

4240 Bloomington Avenue

Minneapolis, MN 55407
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Bed 3

Bed

Bath 2

Bath

SqFt3,072

Sqft

Acres0.17

Acre(Lot)

South Minneapolis side-by-side duplex with immediate rental income, flexible occupancy, and strong house-hack potential. This one-level duplex features two separate units: the left unit is vacant and offers 2 bedrooms and 1 bathroom, while the right unit is occupied and offers 1 bedroom and 1 bathroom. The right-side tenant is currently paying $1,500/month on a month-to-month lease and would like to stay, giving the next owner immediate income with flexibility. The tenant is also paying their own utilities, and each unit has separate air conditioning, creating better comfort and separation between the two spaces. Inside, the property offers practical layouts with bright living areas, hardwood floors, neutral finishes, functional kitchens, gas ranges, clean bathroom finishes, basement laund ry/storage, and useful lower-level space. The property also includes a 2-car detached garage in the back, providing added parking, storage, or potential additional rental value. For a house-hack buyer, this is a great setup: move into the vacant 2-bedroom unit and let the rental income from the occupied 1-bedroom unit help offset the monthly payment. For an investor, it offers existing income, simple unit separation, garage utility, and long-term rental upside in a central South Minneapolis location near neighborhood amenities, parks, major roads, and everyday conveniences. Whether you’re looking to owner-occupy, build equity, or add a manageable income-producing property to your portfolio, 4240 Bloomington Ave offers flexibility, cash flow potential, and a smart path into multifamily ownership.

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Detail Ic Property Details

Property Type : Residential Income

Price : $409,900

AD Id : 80302524

MLS Id : 7087799

Beds : 3

Lot Size : 0.17 Acre

Living Area Size : 3,072

Year Built : 1954

Garage : 2

County : Hennepin

Subdivision: None Available

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1954 Building Area Total: 3072 Construction Materials: Block Stories: 1 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 60 x 123 x 60 x 123 Main Square Feet: 0.17 Acres Lot Size Acres: 0.17 Lot Size Square Feet: 7405.2

    Property Information

    Subdivision: Bloomington Park Add Source Property Type: Residential Income Property SubType: Duplex Levels: One Property Age: 72

  • Listing Price Information

    Listing Price: $409900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 1102824420007 Annual Tax: $7125

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Take I-35W South, Exit at 35th St / 36th St., Turn left onto E 36th St., Turn right onto Bloomington Ave S., Pass E 42nd St., Look for 4240 Bloomington Ave shortly after that; Home on Left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3245 22nd Avenue, Minneapolis, MN, 55407 $490,000 5 2 3,235 3,235 SqFt
3832 20th Avenue, Minneapolis, MN, 55407 $470,000 5 2 2,562 2,562 SqFt
3208 19th Avenue, Minneapolis, MN, 55407 $375,000 4 2 1,608 1,608 SqFt
3241 Cedar Avenue, Minneapolis, MN, 55407 $399,900 5 3 3,000 3,000 SqFt
3847 Cedar Avenue, Minneapolis, MN, 55407 $425,000 4 2 2,646 2,646 SqFt
3504 Cedar Avenue, Minneapolis, MN, 55407 $299,000 3 2 1,486 1,486 SqFt
2930 18th Avenue, Minneapolis, MN, 55407 $299,900 4 2 2,606 2,606 SqFt
3117 17th Avenue, Minneapolis, MN, 55407 $399,900 4 2 1,768 1,768 SqFt
2740 16th Avenue, Minneapolis, MN, 55407 $424,900 8 2 2,817 2,817 SqFt
3644 16th Avenue, Minneapolis, MN, 55407 $369,900 3 2 2,406 2,406 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 06/08/2026 @ 15:35

MLS: 7087799 LISTED BY: Charity Ashpole, National Realty Guild 651-330-8001 SOURCE: FargoMoorhead Area Association of REALTORS

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