3605 S 3rd Avenue, Minneapolis, MN 55409
$409,900
Property Type:
Multi-Family
Bedrooms:
7
Baths:
3
Square Footage:
3,604
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$409,900
List Date:
6/01/2026
Last Modified:
6/30/2026
Listing Details MLS# 7074993
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Owner Occupied
- Yes
- Waterfront YN
- No
- Year Built
- 1910
- Yearly/Seasonal
- Yearly
- Main Floor Total SqFt
- 1066
- Above Ground SqFt
- 2570
- Below Grd Total SqFt
- 1034
- Total SqFt
- 3604
- Foundation Size
- 1034
- Style
- (MF) Triplex
- Total Finished Sqft
- 2570.00
- Lot Dimensions
- 40x130
- Acres
- 0.12
- Assessment Pending
- No
- Garage Stalls
- 0
Property Features
Accessible:
None
Basement:
Unfinished
Construction Status:
Previously Owned
Exterior:
Vinyl
Foundation:
Combination
Fuel:
Electric; Natural Gas
Heating:
Forced Air; Space Heater
Laundry:
In Basement
Sewer:
City Sewer - In Street
Stories:
Two
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 419900
- ListPrice
- 409900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 3605
- Street Direction Prefix
- S
- Street Name
- 3rd
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55409
Assessments
- Assessment Balance
- 325
- Tax With Assessments
- 6577
Building Information
- Finished SqFt Above Ground
- 2570
More Information
Income and Expenses
- Annual Gross Income
- 50700
- Annual Insurance Expense
- 1636
- Annual Net Income
- 39832
- Total Annual Expenses
- 10868
- Annual Caretaker Expense
- 0
- Annual Electric Expense
- 0
- Annual Fuel Expense
- 0
- Annual Gross Expenses
- 0
- Annual Maintenance Expense
- 0
- Annual Repair Expense
- 0
- Annual Trash Expense
- 0
- Annual Water/Sewer Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Unit 1
- Furnished?
- No
- Lease Expiration Date
- 2026-07-31
- Leased?
- Yes
- Unit Number
- Yes
- Annual Rent
- 18900
- Finished SqFt
- 825
- Full Baths
- Yes
- Monthly Expense
- 226
- Monthly Rent
- 1575
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 7
Unit 2
- Furnished?
- No
- Lease Expiration Date
- 2026-07-31
- Leased?
- Yes
- Unit Number
- 2
- Annual Rent
- 12000
- Finished SqFt
- 800
- Full Baths
- Yes
- Monthly Expense
- 226
- Monthly Rent
- 1000
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 4
Unit 3
- Furnished?
- No
- Lease Expiration Date
- 2026-08-31
- Leased?
- Yes
- Unit Number
- 3
- Annual Rent
- 19080
- Finished SqFt
- 450
- Full Baths
- Yes
- Monthly Expense
- 150
- Monthly Rent
- 1590
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 3
Unit Details
- Total Units
- 3
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- LOT 013 BLOCK 004 VINTON PARK ADDN TO MPLS
- Listing City
- Minneapolis
- Map Page
- 120
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Country
- US
- Property ID Number
- 0302824440050
- Tax Year
- 2026
- Tax Amount
- 6252
- In Foreclosure?
- Yes
- Potential Short Sale?
- Yes
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- Near 36th and 3rd Ave. S.
Accessible
- None
- Yes
Basement
- Unfinished
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Vinyl
- Yes
Foundation
- Combination
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
- Space Heater
- Yes
Laundry
- In Basement
- Yes
Sewer
- City Sewer - In Street
- Yes
Stories
- Two
- Yes
Water
- City Water/Connected
- Yes
Listing Office:
Summit Realty LLC
Last Updated: June - 30 - 2026
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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.
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