3620 3rd Avenue S Minneapolis, MN - Image 13620 3rd Avenue S Minneapolis, MN - Image 23620 3rd Avenue S Minneapolis, MN - Image 33620 3rd Avenue S Minneapolis, MN - Image 43620 3rd Avenue S Minneapolis, MN - Image 53620 3rd Avenue S Minneapolis, MN - Image 63620 3rd Avenue S Minneapolis, MN - Image 73620 3rd Avenue S Minneapolis, MN - Image 83620 3rd Avenue S Minneapolis, MN - Image 93620 3rd Avenue S Minneapolis, MN - Image 103620 3rd Avenue S Minneapolis, MN - Image 113620 3rd Avenue S Minneapolis, MN - Image 123620 3rd Avenue S Minneapolis, MN - Image 133620 3rd Avenue S Minneapolis, MN - Image 143620 3rd Avenue S Minneapolis, MN - Image 153620 3rd Avenue S Minneapolis, MN - Image 163620 3rd Avenue S Minneapolis, MN - Image 173620 3rd Avenue S Minneapolis, MN - Image 183620 3rd Avenue S Minneapolis, MN - Image 193620 3rd Avenue S Minneapolis, MN - Image 203620 3rd Avenue S Minneapolis, MN - Image 213620 3rd Avenue S Minneapolis, MN - Image 223620 3rd Avenue S Minneapolis, MN - Image 233620 3rd Avenue S Minneapolis, MN - Image 243620 3rd Avenue S Minneapolis, MN - Image 253620 3rd Avenue S Minneapolis, MN - Image 263620 3rd Avenue S Minneapolis, MN - Image 273620 3rd Avenue S Minneapolis, MN - Image 283620 3rd Avenue S Minneapolis, MN - Image 293620 3rd Avenue S Minneapolis, MN - Image 303620 3rd Avenue S Minneapolis, MN - Image 313620 3rd Avenue S Minneapolis, MN - Image 32

$499,000

9 Beds 5 Baths 4,863 SQFT 0.12 Acres
Type: Multi-Family

3620 3rd Avenue S
Minneapolis, MN 55409

MLS#: 7123917
The Real Estate Advantage
Office: 952.224.8800
Presented by: Coldwell Banker Realty - Southwest Regional

Property Description

 

Don't miss the opportunity to make this income-producing rental property yours, featuring quality updates throughout and a stable tenant base. Property Upgrades & Features include: New exterior window frames on the 1st floor (2026). Lower level finished with a kitchenette, 3/4 bath, bedroom with egress window, and an additional office room (2024). 3rd floor dual-split HVAC system and new carpeting installed (2023). New 3rd floor skylight (2023). 2nd floor hardwood floors installed (2018). Full roof replacement, both asphalt and rubber (2017). Pella windows installed on the 1st and 2nd floors (2016). 3rd floor full remodel with Pella windows (2012). 2nd floor bathroom remodel (2012). 1st floor full remodel and new exterior doors (2011). Exterior amenities include a fenced backyard, storage shed, and garden beds and plenty of street parking. Close to shopping, restaurants, public transportation, etc.


 

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths5

Other Interior Features

Above Grade Finished Area3,734 sqft
BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full, Kitchenette, Single Tenant Access
Basement (Y/N)Yes
Below Grade Finished Area1,129 sqft
FuelNatural Gas
Garage Square Feet0
Laundry FeaturesElectric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesPatio, Porch
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
Directions35W to 35th/36th St exit. East on 36th to 3rd. South on third to property on right.
ElectricCircuit Breakers
Electric Expense4500
Fuel Expense6800
Garage Spaces0
Gross Income72000
HeatingBoiler, Ductless Mini-Split
High School DistrictMinneapolis
Insurance Expense5400
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area4,863 sqft
Lot Size UnitsAcres
MaintenanceExpense2500
Net Operating Income52580
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysFuel, Grounds Care, Repairs, Sewer, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAge 8 Years or Less, Architectural Shingle
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$8,347
Tax Year2026
Tenant PaysCable TV, Electricity
Trash Expense0
Water Sewer Expense5520
Year Built1915
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total5,121 sqft
FencingChain Link
Foundation Area1,397 sqft
Lot Dimensions39x129
Lot FeaturesPublic Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesOn-Street Parking Only
Road Frontage TypeCity Street, Curbs, Sidewalks, Street Lights
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$499,000

9 Beds 5 Baths 4,863 SQFT 0.12 Acres
Type: Multi-Family

3620 3rd Avenue S
Minneapolis, MN 55409

MLS#: 7123917
The Real Estate Advantage
Office: 952.224.8800