4240 Bloomington Avenue, Minneapolis, MN 55407
New Listing
$409,900
Property Type:
Multi-Family
Bedrooms:
3
Baths:
2
Square Footage:
3,072
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$409,900
List Date:
6/05/2026
Last Modified:
6/05/2026
Listing Details MLS# 7087799
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront Present
- No
- Year Built
- 1954
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Main Floor Total SqFt
- 1536
- Above Ground SqFt
- 1536
- Below Grd Total SqFt
- 1536
- Total SqFt
- 3072
- Foundation Size
- 1536
- Style
- (MF) Duplex Side X Side
- Total Finished Sqft
- 3072.00
- Garage Stalls
- 2
- Lot Dimensions
- 60 x 123 x 60 x 123
- Acres
- 0.17
- Assessment Pending
- No
Property Features
Accessible:
None
Assumable Loan:
Not Assumable
Basement:
Full
Construction Materials:
Block
Construction Status:
Previously Owned
Electric:
100 Amp Service
Existing Financing:
Conventional
Exterior:
Stucco
Fencing:
Chain Link
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Forced Air
Laundry:
In Unit
Lock Box Type:
None
Lot Description:
Tree Coverage - Light
Owner Pays:
Maintenance/Repair; Management
Pool Description:
None
Rental License Type:
Standard
Roof:
Age 8 Years or Less
Sellers Terms:
Cash; Conventional; FHA; VA
Sewer:
City Sewer/Connected
Stories:
One
Tenant Pays:
All Utilities
Unit 1 Amenities:
Hardwood Floors; Natural Woodwork
Unit 1 Appliances:
Range; Refrigerator
Unit 1 Bath Description:
Main Floor Full Bath
Unit 1 Cooling:
Central
Unit 1 Dining Room Description:
Eat In Kitchen
Unit 1 Family Room Characteristics:
Lower Level
Unit 1 Special Search:
Main Floor Bedroom
Unit 2 Amenities:
Natural Woodwork
Unit 2 Appliances:
Range; Refrigerator
Unit 2 Bath Description:
Main Floor Full Bath
Unit 2 Cooling:
Central
Unit 2 Dining Room Description:
Eat In Kitchen
Unit 2 Family Room Characteristics:
Lower Level
Unit 2 Special Search:
Main Floor Bedroom; Rehabbed; Renovated
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 409900
- ListPrice
- 409900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 4240
- Street Name
- Bloomington
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55407
- Complex/Dev/Subdivision
- Bloomington Park Add
Assessments
- Tax With Assessments
- 7125
- Assessment Balance
- 0
Building Information
- Finished SqFt Above Ground
- 1536
- Finished SqFt Below Ground
- 1536
More Information
Income and Expenses
- Annual Gross Income
- 18000
- Annual Caretaker Expense
- 0
- Annual Electric Expense
- 0
- Annual Fuel Expense
- 0
- Annual Gross Expenses
- 0
- Annual Insurance Expense
- 0
- Annual Maintenance Expense
- 0
- Annual Repair Expense
- 0
- Annual Trash Expense
- 0
- Annual Water/Sewer Expense
- 0
- Total Annual Expenses
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Square Feet
- 576
Public Survey Info
- Range#
- 24
- Section#
- 11
- Township#
- 28
Unit 1
- Furnished?
- No
- Lease Expiration Date
- 2026-05-31
- Leased?
- Yes
- Level
- Main Level
- Unit Number
- Yes
- Annual Rent
- 18000
- Finished SqFt
- 1536
- Full Baths
- Yes
- Monthly Rent
- 1500
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 4
Unit 2
- Furnished?
- No
- Leased?
- No
- Level
- Main Level
- Unit Number
- 2
- Finished SqFt
- 1536
- Full Baths
- Yes
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 2
- Total Rooms
- 3
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- SPAAR
Location, Tax and Other Information
- Legal Description
- BLOCK 001 BLOOMINGTON PARK ADDN TO MPLS LOT 15 AND S 11 FT OF LOT 14 AND N 16 FT OF LOT 16
- Listing City
- Minneapolis
- Map Page
- 120
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Property ID Number
- 1102824420007
- Tax Year
- 2025
- Tax Amount
- 7125
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- 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
Accessible
- None
- Yes
Assumable Loan
- Not Assumable
- Yes
Basement
- Full
- Yes
Construction Materials
- Block
- Yes
Construction Status
- Previously Owned
- Yes
Electric
- 100 Amp Service
- Yes
Existing Financing
- Conventional
- Yes
Exterior
- Stucco
- Yes
Fencing
- Chain Link
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Laundry
- In Unit
- Yes
Lock Box Type
- None
- Yes
Lot Description
- Tree Coverage - Light
- Yes
Owner Pays
- Maintenance/Repair
- Yes
- Management
- Yes
Pool Description
- None
- Yes
Rental License Type
- Standard
- Yes
Roof
- Age 8 Years or Less
- Yes
Sellers Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- One
- Yes
Water
- City Water/Connected
- Yes
No. of Ranges
- Two
- Yes
No. of Refrigerators
- Two
- Yes
Tenant Pays
- All Utilities
- Yes
Unit 1 Amenities
- Hardwood Floors
- Yes
- Natural Woodwork
- Yes
Unit 1 Appliances
- Range
- Yes
- Refrigerator
- Yes
Unit 1 Bath Description
- Main Floor Full Bath
- Yes
Unit 1 Cooling
- Central
- Yes
Unit 1 Dining Room Description
- Eat In Kitchen
- Yes
Unit 1 Family Room Characteristics
- Lower Level
- Yes
Unit 1 Special Search
- Main Floor Bedroom
- Yes
Unit 2 Amenities
- Natural Woodwork
- Yes
Unit 2 Appliances
- Range
- Yes
- Refrigerator
- Yes
Unit 2 Bath Description
- Main Floor Full Bath
- Yes
Unit 2 Cooling
- Central
- Yes
Unit 2 Dining Room Description
- Eat In Kitchen
- Yes
Unit 2 Family Room Characteristics
- Lower Level
- Yes
Unit 2 Special Search
- Main Floor Bedroom
- Yes
- Rehabbed
- Yes
- Renovated
- Yes
Listing Office:
National Realty Guild
Last Updated: June - 05 - 2026
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