3232 3rd AVE S new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55408
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $175
MLS Listing ID 6807838
Year Built 1902
Annual Tax Amount $5,100
Tax Year 2025
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 46x128
Property Sub-Type Duplex Up and Down
Property Description
The investment opportunity you've been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs.
With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned portfolio builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.
Don't miss this cash-flow opportunity with built-in equity potential—schedule your showing today!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full,Unfinished
Interior
Heating Boiler,Hot Water
Fireplace No
Exterior
Parking Features Gravel
Fence Chain Link,Privacy,Wood
Roof Type Asphalt,Rubber
Building
Story Two
Foundation 1280
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Metal Siding,Vinyl Siding
New Construction false
Schools
School District Minneapolis