3232 3rd Avenue S, Minneapolis, MN 55408
- $428,265
- 5
- BD
- 2
- BA
- 2,560
- SqFt
- Sold Price
- $428,265
- List Price
- $425,000
- Closing Date
- May 14, 2026
- MLS#
- 7046327
- Status
- CLOSED
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 2,560
- Acres
- 0.14
- Neighborhood
- 11
- Year Built
- 1902
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. 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.
Additional Information
- School District
- Minneapolis
- Tax Year
- 2025
- Fencing
- Chain Link, Privacy, Wood
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Roof
- Asphalt, Rubber
- Heating
- Boiler, Hot Water
- Water
- City Water/Connected
- Basement
- Full, Unfinished
- Parking
- Gravel
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Listing courtesy of Keller Williams Classic Rlty NW.
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