Home for Sale in Minneapolis
4240 Bloomington Avenue
Minneapolis, MN 55407
Property Details
No. of Units
2
Year Built
1954
Square Feet
3,072
Acres
0.17
2025 Property Taxes
$7,125
School District
Minneapolis
County
Hennepin
South Minneapolis side-by-side duplex with immediate rental income, flexible occupancy, and strong house-hack potential. This one-level duplex features two separate units: the left unit is vacant and offers 2 bedrooms and 1 bathroom, while the right unit is occupied and offers 1 bedroom and 1 bathroom. The right-side tenant is currently paying $1,500/month on a month-to-month lease and would like to stay, giving the next owner immediate income with flexibility. The tenant is also paying their own utilities, and each unit has separate air conditioning, creating better comfort and separation between the two spaces. Inside, the property offers practical layouts with bright living areas, hardwood floors, neutral finishes, functional kitchens, gas ranges, clean bathroom finishes, basement laundry/storage, and useful lower-level space. The property also includes a 2-car detached garage in the back, providing added parking, storage, or potential additional rental value. For a house-hack buyer, this is a great setup: move into the vacant 2-bedroom unit and let the rental income from the occupied 1-bedroom unit help offset the monthly payment. For an investor, it offers existing income, simple unit separation, garage utility, and long-term rental upside in a central South Minneapolis location near neighborhood amenities, parks, major roads, and everyday conveniences. Whether you’re looking to owner-occupy, build equity, or add a manageable income-producing property to your portfolio, 4240 Bloomington Ave offers flexibility, cash flow potential, and a smart path into multifamily ownership.
Take I-35W South, Exit at 35th St / 36th St., Turn left onto E 36th St., Turn right onto Bloomington Ave S., Pass E 42nd St., Look for 4240 Bloomington Ave shortly after that; Home on Left
Unit Information
Unit 1
Unit 2
Features
Electric
100 Amp Service
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Foundation
Block
Fencing
Chain Link
Additional Info
Listed By
Charity Ashpole of National Realty Guild
Listed
06/04/26 and last updated 06/10/26
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.