Home for Sale in Minneapolis
3605 S 3rd Avenue
Minneapolis, MN 55409
Property Details
Sale
In Foreclosure,Short Sale
No. of Units
3
Year Built
1910
Square Feet
3,604
Acres
0.12
2026 Property Taxes
$6,252
School District
Minneapolis
County
Hennepin
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 up to 40% annually if qualifying units are enrolled. Strong cash flow, classic charm, and future upside make this a compelling opportunity in one of Minneapolis’ most connected neighborhoods.
Near 36th and 3rd Ave. S.
Unit Information
Unit 1
Unit 2
Unit 3
Features
Heating
Forced Air,Space Heater
Sewer
City Sewer - In Street
Water
Public
Foundation
Combination
Additional Info
Listed By
David Berglund of Summit Realty LLC
Listed
06/01/26 and last updated 06/11/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
