Minneapolis, MN 55408,3232 3rd AVE S
Minneapolis, MN 55408,3232 3rd AVE S
Minneapolis, MN 55408,3232 3rd AVE S
Minneapolis, MN 55408,3232 3rd AVE S
Minneapolis, MN 55408,3232 3rd AVE S
Minneapolis, MN 55408,3232 3rd AVE S
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$ 449,000
Est. payment | /mo

2,560 SqFt


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$ 449,000
Est. payment | /mo
Save

2,560 SqFt

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

Listed by Michael Moe • Keller Williams Classic Rlty NW
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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3232 3rd AVE S