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+15072153683
Winter Realty, Inc.
3548 Portland Avenue, Minneapolis, MN 55407
- $569,900
- 8
- BD
- 4
- BA
- 4,096
- SqFt
- List Price
- $569,900
- MLS#
- 7133594
- Status
- COMING SOON
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 4,096
- Acres
- 0.12
- Subdivision
- Clinton Ave Add
- Neighborhood
- 11
- Year Built
- 1923
Property 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.
Additional Information
- School District
- Minneapolis
- Tax Year
- 2026
- Fencing
- Chain Link, Partial
- Fuel
- Natural Gas
- Lot Description
- Tree Coverage - Medium
- Sewer
- City Sewer/Connected
- Roof
- Flat, Rubber
- Heating
- Boiler, Radiator
- Water
- City Water/Connected
- Basement
- Full, Unfinished
- Parking
- Asphalt, Parking Lot, Paved Lot
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Listing courtesy of Peritus Real Estate.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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