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3605 South 3rd Avenue

Minneapolis MN 55409

7
3
3604 sq. ft.
0.12 ac.
Duplex
Currently for sale - view listing

Overview

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 conforming 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.

Features

7 bedrooms
3 bathrooms
3604 sq. ft. floor area
0.12 ac. lot size
Duplex

Property history for 3605 South 3rd Avenue

2014
Sold
$166,500
31 Jan 2014 by Brad Schaeppi

Happy sellers in Minneapolis

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Local market activity for 7 bedroom duplexes in Minneapolis

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Sales:
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