3500 1st Avenue S, Minneapolis, MN 55408

Minneapolis
Local realty services provided by:ERA Gillespie Real Estate
3500 1st Avenue S,Minneapolis, MN 55408
$744,900
  • 12 Beds
  • 4 Baths
  • 4,680 sq. ft.
  • Multi-family
  • Active
Listed by: david h berglund
Office: summit realty llc.
MLS#:7075302
Source:NSMLS

Price summary

  • Price:$744,900
  • Price per sq. ft.:$106.11

About this home

Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers. Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core. Public Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience. The property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and...

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Home facts

  • Year built:1914
  • Subdivision & Development:Shartles Add
  • Listing ID #:7075302
  • Added:106 day(s) ago
  • Updated:September 16, 2026 at 12:04 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Full
  • Living area:4,680 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Flat
  • Year built:1914
  • Building area:4,680 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Public Transit (w/in 6 blks)
  • Exterior Features:Patio
  • Levels:2 Story

Utilities

  • Water:City Water - In Street
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$744,900
  • Price per sq. ft.:$106.11
  • Tax amount:$11,718 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:3
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