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Listed price in listed location currency (USD).
$419,900

730

MLS® 7074993

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2570 sqft
Garage 
Taxes $6,252
Days Active 1
Lot Size 
Approx. Age 1910
Avg. Price Per Sqft $163
MLS® Number 7074993

Property Address: 3605 3rd Ave S, Minneapolis, MN, 55409-1321

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number7074993
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementUnfinished
DrivewayConcrete
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 1, 2026List Date
$419,900List Price
  • Commute

Commute

Starting Address
Destination Address
3605 3Rd Ave S, Minneapolis, MN

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