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$530,000

9 Beds 3 Baths 3,649 SQFT 0.26 Acres
Type: Contingent

3154 15th Avenue S
Minneapolis, MN 55407

MLS#: 7151057
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Karina Realty

Property Description

 

Outstanding owner-occupant/investment opportunity less than a block from Powderhorn Park! This triplex offers over 3,500 finished sq. ft. above grade with a 4BR/1BA main-floor unit, 3BR/1BA second-floor unit, and 2BR/1BA third-floor unit. The main-floor unit is rented for $2,275 with the same tenant for over 5 years. The vacant second-floor unit was rented through June for $2,090 and has just been renovated with new kitchen cabinets, countertops and appliances, fresh paint throughout, while preserving beautiful original built-ins and carved woodwork. The third-floor unit was renovated in 2026 and is leased at $1,250/month through 3/31/27. Additional highlights include high ceilings, a 2024 roof, 200 Amp Service, two newer porches, triple corner lot, fenced flat backyard, 2-car garage, and off-street parking for at least 3 additional vehicles. The 1,400+ sq. ft. freshly painted unfinished basement offers substantial storage and future value-add potential. Walk to Powderhorn Park, Mercado Central, restaurants and transit; less than a mile to Abbott Northwestern Hospital and convenient to Downtown, the U of M and Minneapolis Institute of Art.


 

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3,549 sqft
BasementFull, Partially Finished, Shared Access, Storage Space
Basement (Y/N)Yes
Below Grade Finished Area100 sqft
Foundation Dimensions52.5 x 28.3
FuelNatural Gas
Garage Square Feet325
Laundry FeaturesIn Basement, Common Area, Laundry Room, Sink

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesPorch
CityMinneapolis
Construction MaterialsFrame
ContingencyInspection
CountyHennepin
DirectionsE 32nd St to 15th Ave S, house on NW corner
Electric200+ Amp Service
Electric Expense1000
Fuel Expense2400
Garage Spaces2
Gross Income68130
HeatingBoiler, Radiator
High School DistrictMinneapolis
Insurance Expense4500
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,649 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total3
Operating Expense13150
OwnerPaysElectricity, Gas, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameWilliams Add
Tax Annual Amount$8,115
Tax Year2026
Tenant PaysGas, Heat
Trash Expense750
Water Sewer Expense3500
Year Built1904
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,982 sqft
FencingChain Link, Wood
Foundation Area1,485 sqft
Lot Dimensions90x127
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Driveway - Other Surface
Water SourceCity Water - In Street
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$530,000

9 Beds 3 Baths 3,649 SQFT 0.26 Acres
Type: Contingent

3154 15th Avenue S
Minneapolis, MN 55407

MLS#: 7151057
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800