Listed By
Agency Name: Summit Realty LLC
Agency Phone: 612-708-2631
Shown By
Agent Name: Todd Chester
Agent Phone: (612) 282-4663
Agency Title: Counselor Realty
Property Description
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 $1,000 per month.Located in a highly walkable and bike-friendly area near transit, parks, restaurants, and the Midtown Greenway, this property offers strong tenant appeal and convenient access to everything South Minneapolis has to offer. Ideal for an owner-occupant seeking supplemental rental income or an investor looking for a stable multifamily asset in the urban core.Opportunity to convert currently rented nonconforming unit to conforming through the addition of an exterior staircase.Additional financial upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.Strong cash flow, classic charm, and future upside make this a compelling opportunity in one of Minneapolis' most connected neighborhoods.
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3605 S 3rd Avenue , Minneapolis, MN 55409
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$ 2,878.35 per month $2,234.88 Principal & Interest $521.00 Property Tax $122.47 Homeowner's InsuranceChange Payment Information
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3605 S 3rd Avenue , Minneapolis, MN 55409
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3605 S 3rd Avenue , Minneapolis, MN 55409.
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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3605 S 3rd Avenue | MLS# 7074993
This multi-family property located at 3605 S 3rd Avenue , Minneapolis, MN 55409 is currently listed for sale with an asking price of $419,900. S 3rd Avenue is located within the Minneapolis school district. Search Minneapolis real estate on tchester.counselorrealty.com today.