3232 3rd Avenue S, Minneapolis, MN 55408

Minneapolis
Local realty services provided by:ERA Gillespie Real Estate
3232 3rd Avenue S,Minneapolis, MN 55408
$425,000
  • 5 Beds
  • 2 Baths
  • 2,560 sq. ft.
  • Multi-family
  • Active
Listed by: mike moe
Office: keller williams classic rlty nw
MLS#:7046327
Source:NSMLS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$166.02

About this home

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. Owner occupant investors welcomed with lower unit lease ending 5/31! 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 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.

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Home facts

  • Year built:1902
  • Listing ID #:7046327
  • Added:8 day(s) ago
  • Updated:April 10, 2026 at 12:43 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:2,560 sq. ft.

Heating and cooling

  • Heating:Boiler, Hot Water

Structure and exterior

  • Roof:Asphalt, Rubber
  • Year built:1902
  • Building area:2,560 sq. ft.
  • Lot area:0.14 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$166.02
  • Tax amount:$5,100 (2025)

Parking

  • Parking description:Gravel
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