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3437 Park Avenue, Minneapolis, MN 55407

New Listing

$400,000

Virtual Tour

https://first-person-visuals.aryeo.com/sites/ewnmokwo/unbranded

Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 4,318 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $400,000 List Date: 6/26/2026 Last Modified: 6/29/2026

Overview

Description

Fantastic opportunity to own a well-maintained up/down duplex in the Central neighborhood of South Minneapolis. One unit offers a 2 bedroom, and the other a 3 bedroom, and each having 1 bathroom, both units create strong rental appeal and flexible living options. This duplex is great for both investors seeking steady income potential or for owner-occupant buyers looking to offset your mortgage with the rental income. Both units are have large floor plans with beautiful woodwork throughout. NEW ROOF AND SIDING IN 2023. Conveniently located near parks, restaurants, shopping, public transit, and major commuter routes, this property offers easy access to downtown Minneapolis and all the amenities that make South Minneapolis a desirable place to live. Whether you're purchasing your first investment property or looking for a smarter way to own a home, this duplex presents an exceptional opportunity.

Listing Details MLS# 7097255

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1907
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1234
Above Ground SqFt: 3084
Below Grd Total SqFt: 1234
Total SqFt: 4318
Foundation Size: 1234
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3084.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 49x117
Acres: 0.13
Assessment Pending: Unknown

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Concrete Block; Owner Access; Storage/Locker; Unfinished Construction Materials: Block Construction Status: Previously Owned Electric: 200+ Amp Service; Circuit Breakers Exterior: Aluminum Siding Fencing: Partial Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler Laundry: Common Area; Lower Level Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Gas; Sewer; Trash Collection; Water Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Tenant Pays: Electricity Unit 1 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Porch Unit 1 Appliances: Dishwasher; Exhaust Fan/Hood; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Living/Dining Room; Separate/Formal Dining Rm Unit 1 Fireplace Char: Wood Burning Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Walk-In Closet; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Vaulted Ceiling(s) Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Informal Dining Room; Living/Dining Room Unit 2 Family Room Characteristics: Loft Unit 2 Fireplace Char: Living Room; Wood Burning Water: City Water/Connected

Contract Information

Contingency: Inspection
Original List Price: 400000
ListPrice: 400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3437
Street Name: Park
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Chicago Ave Add

Assessments

Tax With Assessments: 6199
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3084

More Information

Income and Expenses

Annual Caretaker Expense: 600
Annual Fuel Expense: 1200
Annual Gross Income: 40080
Annual Insurance Expense: 2260
Annual Maintenance Expense: 500
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 12260
Annual Electric Expense: 0
Annual Gross Expenses: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 500

Public Survey Info

Range#: 24
Section#: 02
Township#: 28

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Annual Rent: 19800
Finished SqFt: 1234
Full Baths: Yes
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
# of Fireplaces: Yes
Annual Rent: 20280
Finished SqFt: 1850
Full Baths: Yes
Monthly Rent: 1690
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 015 BLOCK 002 CHICAGO AVE ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2034
Property ID Number: 0202824320057
Tax Year: 2025
Tax Amount: 6199
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic opportunity to own a well-maintained up/down duplex in the Central neighborhood of South Minneapolis. One unit offers a 2 bedroom, and the other a 3 bedroom, and each having 1 bathroom, both units create strong rental appeal and flexible living options. This duplex is great for both investors seeking steady income potential or for owner-occupant buyers looking to offset your mortgage with the rental income. Both units are have large floor plans with beautiful woodwork throughout. NEW ROOF AND SIDING IN 2023. Conveniently located near parks, restaurants, shopping, public transit, and major commuter routes, this property offers easy access to downtown Minneapolis and all the amenities that make South Minneapolis a desirable place to live. Whether you're purchasing your first investment property or looking for a smarter way to own a home, this duplex presents an exceptional opportunity.
Directions: Park Ave to 3437.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Concrete Block: Yes
Owner Access: Yes
Storage/Locker: Yes
Unfinished: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Exterior

Aluminum Siding: Yes

Fencing

Partial: Yes

Foundation

Brick/Mortar: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Common Area: Yes
Lower Level: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Porch: Yes

Unit 1 Appliances

Dishwasher: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes
Separate/Formal Dining Rm: Yes

Unit 1 Fireplace Char

Wood Burning: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Amenities

Walk-In Closet: Yes
Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Vaulted Ceiling(s): Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes
Living/Dining Room: Yes

Unit 2 Family Room Characteristics

Loft: Yes

Unit 2 Fireplace Char

Living Room: Yes
Wood Burning: Yes

Listing Office: Edina Realty, Inc.

Last Updated: June - 29 - 2026

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