3548 Portland Avenue, Minneapolis, MN 55407

Minneapolis
Local realty services provided by:ERA Gillespie Real Estate
3548 Portland Avenue,Minneapolis, MN 55407
$569,900
  • 8 Beds
  • 4 Baths
  • 4,096 sq. ft.
  • Multi-family
  • Coming Soon
Listed by: john stiles
Office: peritus real estate
MLS#:7133594
Source:NSMLS

Price summary

  • Price:$569,900
  • Price per sq. ft.:$92.76

About this home

Excellent opportunity for an owner-occupant or investor! This South Minneapolis fourplex features an attractive brick exterior and four spacious 2-bedroom, 1-bathroom apartments. Built in 1923, the two-story building offers approximately 4,096 finished square feet and retains much of its original charm, including hardwood floors, beautiful natural woodwork, and original built-in cabinetry. One apartment is currently vacant, creating an ideal opportunity for an owner-occupant to move in while collecting rental income from the other three units. Investors will appreciate the established rental history, with the property most recently generating over $69,000 in annual gross rents when fully occupied. Two apartments were refreshed during tenant turnovers in 2024. The full unfinished basement provides ample storage space along with a shared laundry room. Additional features include central boiler heat, tenant-paid electricity and cooking gas, and off-street parking. Located near...

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Home facts

  • Year built:1923
  • Subdivision & Development:Clinton Ave Add
  • Listing ID #:7133594
  • Updated:November 12, 2026 at 02:05 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:4,096 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1923
  • Building area:4,096 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Tree Coverage - Medium
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$569,900
  • Price per sq. ft.:$92.76
  • Tax amount:$9,895 (2026)

Parking

  • Parking description:Asphalt, Parking Lot
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