3432 Girard Avenue S, Minneapolis, MN 55408

New Listing
$570,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 4,447 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $570,000 List Date: 6/18/2026 Last Modified: 6/22/2026

Overview

Description

Cash-flowing Uptown duplex! $56,880/year gross income (zoned for a triplex)! Turnkey for investors or owner-occupants looking to offset their mortgage with rental income. Unit 3432 (main level) rents for $1,990/mo, Unit 3434 (upper level w/ 3rd-story loft) rents for $2,250/mo, and a lower-level studio adds $500/mo, plus bonus income from coin-operated laundry. Tenants pay their own electric/gas; landlord covers only water/sewer/trash, keeping overhead low. Unit 3432 underwent a full remodel in 2023 (see supplements) and a new roof was installed in 2025. Both units offer sizable lower-level storage and private decks. Zoned for a triplex with potential to convert the basement (separate rear entrance) into a third income-producing unit - buyer to verify requirements with the city. Main level is currently vacant and easy to show; upper level tenant in place through 7/31/2026 for immediate cash flow. Strong numbers, recent updates, and built-in upside - schedule your showing today!

Listing Details MLS# 7095632

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1520
Above Ground SqFt
2927
Below Grd Total SqFt
1520
Total SqFt
4447
Foundation Size
1520
Style
(MF) Duplex Up and Down
Total Finished Sqft
3653.00
Garage Stalls
2
Lot Dimensions
42x127
Acres
0.12
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Full; Partially Finished; Storage Space; Storage/Locker Construction Materials: Block; Other Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Stucco; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water; Radiant Lot Description: Tree Coverage - Light Owner Pays: Insurance; Taxes Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Unit 1 Amenities: Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Porch; Sun Room Unit 1 Appliances: Stainless Steel Appliances; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Ductless Mini-Split; Window Unit 1 Dining Room Description: Informal Dining Room; Separate/Formal Dining Rm Unit 2 Amenities: Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Porch; Sun Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Ductless Mini-Split; Window Unit 2 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
570000
ListPrice
570000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3432
Street Name
Girard
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55408
Complex/Dev/Subdivision
J B Tabours 2nd Add

Assessments

Tax With Assessments
9418
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2927
Finished SqFt Below Ground
726

More Information

Income and Expenses

Annual Electric Expense
117
Annual Fuel Expense
62
Annual Gross Expenses
13706
Annual Gross Income
56880
Annual Maintenance Expense
2250
Annual Repair Expense
2250
Total Annual Expenses
13706
Annual Caretaker Expense
0
Annual Insurance Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
480

Public Survey Info

Range#
24
Section#
04
Township#
28

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Annual Rent
23880
Finished SqFt
2043
Full Baths
2
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
2
Total Bedrooms
2
Total Rooms
8

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
Annual Rent
27000
Finished SqFt
1610
Full Baths
Yes
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
8

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 009 BLOCK 001 J B TABOURS 2ND ADDN TO MPLS
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
4901
Property ID Number
0402824420024
Tax Year
2026
Tax Amount
9418
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Cash-flowing Uptown duplex! $56,880/year gross income (zoned for a triplex)! Turnkey for investors or owner-occupants looking to offset their mortgage with rental income. Unit 3432 (main level) rents for $1,990/mo, Unit 3434 (upper level w/ 3rd-story loft) rents for $2,250/mo, and a lower-level studio adds $500/mo, plus bonus income from coin-operated laundry. Tenants pay their own electric/gas; landlord covers only water/sewer/trash, keeping overhead low. Unit 3432 underwent a full remodel in 2023 (see supplements) and a new roof was installed in 2025. Both units offer sizable lower-level storage and private decks. Zoned for a triplex with potential to convert the basement (separate rear entrance) into a third income-producing unit - buyer to verify requirements with the city. Main level is currently vacant and easy to show; upper level tenant in place through 7/31/2026 for immediate cash flow. Strong numbers, recent updates, and built-in upside - schedule your showing today!
Directions
32nd Street to Girard to property.

Accessible

None
Yes

Basement

Full
Yes
Partially Finished
Yes
Storage Space
Yes
Storage/Locker
Yes

Construction Materials

Block
Yes
Other
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Stucco
Yes
Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes
Radiant
Yes

Lot Description

Tree Coverage - Light
Yes

Owner Pays

Insurance
Yes
Taxes
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Shared Rooms

Other
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Unit 1 Amenities

Ceiling Fan(s)
Yes
Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Porch
Yes
Sun Room
Yes

Unit 1 Appliances

Stainless Steel Appliances
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Ductless Mini-Split
Yes
Window
Yes

Unit 1 Dining Room Description

Informal Dining Room
Yes
Separate/Formal Dining Rm
Yes

Unit 2 Amenities

Ceiling Fan(s)
Yes
Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Porch
Yes
Sun Room
Yes

Unit 2 Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Exhaust Fan/Hood
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Bath Description

Upper Level Full Bath
Yes

Unit 2 Cooling

Ductless Mini-Split
Yes
Window
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes
Separate/Formal Dining Rm
Yes
IDX
Listing Office: Real Broker, LLC
Last Updated: June - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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