3605 S 3rd Avenue, Minneapolis, MN 55409
Local realty services provided by:CENTURY 21 Atwood
3605 S 3rd Avenue,Minneapolis, MN 55409
$409,900
- 7 Beds
- 3 Baths
- 2,570 sq. ft.
- Multi-family
- Active
Listed by: david h berglund
Office: summit realty llc.
MLS#:7074993
Source:NSMLS
Price summary
- Price:$409,900
- Price per sq. ft.:$113.73
About this home
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....
Contact an agent
Home facts
- Year built:1910
- Listing ID #:7074993
- Added:56 day(s) ago
- Updated:July 28, 2026 at 12:09 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Basement:Yes
- Basement Description:Unfinished
- Living area:2,570 sq. ft.
Heating and cooling
- Heating:Forced Air, Space Heater
Structure and exterior
- Year built:1910
- Building area:2,570 sq. ft.
- Lot area:0.12 Acres
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - In Street
Finances and disclosures
- Price:$409,900
- Price per sq. ft.:$113.73
- Tax amount:$6,252 (2026)
Parking
- Parking description:Concrete
New listings near 3605 S 3rd Avenue
- New
$460,000Active2 beds 2 baths3,240 sq. ft.1222 Washington Street Ne, Minneapolis, MN 55413
MLS# 7113737Listed by: NORTHEAST REALTY LLC - Open Tue, 4:30 to 6:30pmNew
$825,000Active5 beds 4 baths3,541 sq. ft.1615 E River Parkway, Minneapolis, MN 55414
MLS# 7052631Listed by: JASON MITCHELL GROUP - New
$2,495,000Active2 beds 3 baths3,150 sq. ft.117 Portland Avenue #302, Minneapolis, MN 55401
MLS# 7104334Listed by: KELLER WILLIAMS REALTY INTEGRITY LAKES - New
$285,000Active2 beds 1 baths1,908 sq. ft.4724 Nevada Avenue N, Minneapolis, MN 55428
MLS# 7106602Listed by: EDINA REALTY, INC. - Coming Soon
$114,999Coming Soon1 beds 1 baths3116 12th Avenue S #A106, Minneapolis, MN 55407
MLS# 7111257Listed by: ASHWORTH REAL ESTATE - Coming SoonOpen Sat, 1 to 3pm
$415,000Coming Soon4 beds 2 baths4615 1st Avenue S, Minneapolis, MN 55419
MLS# 7112200Listed by: WEST AND MAIN HOMES MN - New
$249,099Active3 beds 2 baths1,064 sq. ft.3251 Newton Avenue N, Minneapolis, MN 55412
MLS# 7117013Listed by: URBAN ENTERPRISES, INC - New
$379,999Active4 beds 2 baths2,340 sq. ft.610 W 26th Street, Minneapolis, MN 55405
MLS# 7117014Listed by: COLDWELL BANKER REALTY - LAKES - New
$85,000Active1 beds 1 baths400 sq. ft.1928 Aldrich Avenue S #B105, Minneapolis, MN 55403
MLS# 7110613Listed by: COLDWELL BANKER REALTY - New
$1,150,000Active2 beds 2 baths1,346 sq. ft.5005 Lyndale Avenue S #301, Minneapolis, MN 55419
MLS# 7116834Listed by: DRG