New Listing
3548 Portland Avenue,Minneapolis, MN 55407
Minneapolis, MN 55407
Description
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 Powderhorn Park, with convenient access to I-35W and nearby shopping, dining, and neighborhood amenities. Whether you're looking to offset your housing expenses with rental income or expand your investment portfolio, this fourplex offers flexibility and opportunity in South Minneapolis.
Details
| MLS # | 7133594 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Coming Soon |
| Year | 1923 |
| Days On Site | 2 |
| Listing Provided By | Peritus Real Estate | John A Stiles |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 4,096 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.12 |
Interior
| Heating | Boiler, Radiator |
|---|
Exterior
| Roof | Flat, Rubber |
|---|---|
| Construction Materials | Frame |
| Lot Features | Tree Coverage - Medium |
Parking
| Parking Features | Asphalt, Parking Lot, Paved Lot |
|---|
Taxes
| Property | 9895 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 11 |
| Community Name | Clinton Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Clinton Ave Add) | |
Price: $569,900 low | high Med: $419,900 sqft: 4,096 low | high Med: 2,731 $ / sqft: $139 low | high Med: $154 On site: 2 low | high Med: 56 | |
Market Activity 55407
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 11 |
| Community Name | Clinton Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Clinton Ave Add) | |
Price: $569,900 low | high Med: $419,900 sqft: 4,096 low | high Med: 2,731 $ / sqft: $139 low | high Med: $154 On site: 2 low | high Med: 56 | |
