3605 S 3rd Avenue, Minneapolis, MN 55409
- 7 beds |
- 3 baths |
- 2,570 sqft
Triplex 
Built in 1910 
5,227sqft lot
—— car garage 
$159/sqft 
Listed 2 months ago
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.
- Listing Status:
- Active
- Data Last Updated:
- August 6, 2026 at 4:18AM
- Listing Office:
- Summit Realty LLC : 612-708-2631
- MLS ID:
- 7074993
- General: Vinyl
- Parking: Concrete
- General: TwoCombination
- Originating MLS: northstar
- School District: Minneapolis
- County: Hennepin
- Zoning: 0302824440050
- Water: City Water/Connected
- Sewer: City Sewer - In Street
- Source: northstar
This listing courtesy of Summit Realty LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
