3605 S 3rd Avenue, Minneapolis, MN 55409

Minneapolis
Local realty services provided by:ERA Prospera Real Estate
3605 S 3rd Avenue,Minneapolis, MN 55409
$409,900
  • 7 Beds
  • 3 Baths
  • 2,570 sq. ft.
  • Multi-family
  • Active
Listed by: david h berglund
Office: summit realty llc.
MLS#:7074993
Source:NSMLS

Price summary

  • Price:$409,900
  • Price per sq. ft.:$113.73

About this home

Public Remarks: Fantastic investment opportunity in the desirable Central neighborhood of South Minneapolis! This classic triplex blends timeless character with solid income potential and long-term upside. The property features updated mechanicals, newer vinyl thermopane windows, and three income-producing units currently rented at $1,575, $1,590, and $1,000 per month. Located in a highly walkable and bike-friendly area near transit, parks, restaurants, and the Midtown Greenway, this property offers strong tenant appeal and convenient access to everything South Minneapolis has to offer. Ideal for an owner-occupant seeking supplemental rental income or an investor looking for a stable multifamily asset in the urban core. Opportunity to convert currently rented nonconforming unit to conforming through the addition of an exterior staircase. Additional financial upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by...

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Home facts

  • Year built:1910
  • Listing ID #:7074993
  • Added:60 day(s) ago
  • Updated:August 01, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,570 sq. ft.

Heating and cooling

  • Heating:Forced Air, Space Heater

Structure and exterior

  • Year built:1910
  • Building area:2,570 sq. ft.
  • Lot area:0.12 Acres
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$409,900
  • Price per sq. ft.:$113.73
  • Tax amount:$6,252 (2026)

Parking

  • Parking description:Concrete
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