3132 Minnehaha Avenue, Minneapolis, MN 55406

• 8 beds |
• 4 baths |
• 4,488 sqft

Property Description

Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for! This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow. Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing. The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach.

Listing Status:

Active

Data Last Updated:

June 19, 2026 at 5:18PM

Listing Office:

Frable Realty : 612-210-2470

MLS ID:

7051738

Interior

• Laundry: In BasementCommon Area
• Basement: Daylight/Lookout WindowsFullShared AccessStorage/LockerStorage SpaceUnfinished
• Heating: Hot WaterRadiator

Exterior

• General: StuccoWood
• Parking: Detached GarageParking Lot

Construction

• Roofing: Flat
• General: TwoBlock

Location

• Road/Access: City StreetCounty RoadCurbsPaved StreetsSidewalksStreet LightsStorm Sewer
• HOA Amenities: Coin-op Laundry Owned
• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Topography: Level
• Zoning: 0102824120057
• Fencing: Partial

Utilities

• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar