Home for Sale in Minneapolis
3500 1st S Avenue
Minneapolis, MN 55408

Price
$774,900

MLS #
7075302

Status
Active


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Property Details

No. of Units
3

Year Built
1914

Square Feet
7,020

Acres
0.14

2026 Property Taxes
$11,718

School District
Minneapolis

County
Hennepin


Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers. Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core. Public Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience. The property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential. Ideally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location. Additional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units. Perfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.


From 35W, exit 35/36 Streets, go W on 35th, SW corner of 35th and 1st


From 35W, exit 35/36 Streets, go W on 35th, SW corner of 35th and 1st

Unit Information


Unit 1

Unit 2

Unit 3

Features


Electric
Circuit Breakers

Heating
Boiler

Sewer
City Sewer/Connected

Water
Public

Foundation
Stone

Fencing
Privacy,Wood

Additional Info


Listed By
David Berglund of Summit Realty LLC

Listed
06/01/26 and last updated 06/03/26

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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.

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