Minneapolis, MN 55408 3232 3rd Avenue S

Presented By: Keller Williams Classic Rlty NW
  • MLS# 6807838
  • 10/28/2025
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  • Beds • 5
  • Baths • 2
  • SQFT • 2,560

Home Details

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.
Presented By: Keller Williams Classic Rlty NW

Interior Features for 3232 3rd Avenue S

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area2560
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas

General for 3232 3rd Avenue S

AccessibilityStair Chair Lift
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Directions35w to 31st, east to 3rd, south to property.
Electric Expense
Fuel Expense
Garage Spaces
Gross Income42540
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Insurance Expense
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2560
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysInsurance, Repairs, Taxes
PostalCityMinneapolis
Property TypeResidential Income
RoofAsphalt, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount5099.5
Tax Year2025
Tenant PaysElectricity, Fuel, Lawn Care, Snow Removal
Trash Expense0
Water Sewer Expense0
Year Built1902
Zoning DescriptionResidential-Multi-Family

Exterior for 3232 3rd Avenue S

Building Area Total2560
FencingChain Link, Privacy, Wood
Foundation Area1280
Lot Dimensions46x128
Lot Size Area0.14
Parking FeaturesGravel
Road Frontage TypeCity Street
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $449,000
MLS#6807838
List Date 10/28/2025
Property Type Multi-Family
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