3605 3RD AVENUE
3605 3rd Avenue, Minneapolis, 55409, MN
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Price: $409,900
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Status type: For Sale
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City: Minneapolis
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Neighborhood: 11
Bedrooms: 7
Property Size :2570
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Listing Agent: NST1000810,NST102525
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Property type : Triplex
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Zip code: 55409
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Street: 3605 3rd Avenue
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Street: 3605 3rd Avenue
Bathrooms: 3
Year: 1910
Listing Brokerage: Summit Realty LLC
DETAILS
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.
INTERIOR
Bedrooms: 7
Fin ft² / Living Area: 2570 ft²
Below Ground Living: N/A
Bathrooms: 3
Above Ground Living: 2570ft²
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Basement Details: Unfinished,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1034ft²
Unit Amenities:
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Heating System:
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- Forced Air
- Space Heater
LOT
Acres: N/A
Lot Size Dim.: 40x130
Longitude: 44.9375
Latitude: -93.2724
Zoning: N/A
FINANCIAL & TAXES
Tax year: 2026
Tax annual amount: $6,252
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer - In Street
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7902484
Listing Brokerage: Summit Realty LLC
ID: 4896739
Published: June 01, 2026
Last Update: June 01, 2026
Views: 23
