3940 Park Avenue S Minneapolis, MN ^$ 474,000

3940 Park Avenue S

^$ 474,000

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3940 Park Avenue S

Minneapolis, MN, 55407

^$ 474,000

Bedrooms2 Baths2.0 Sq 2,668

Monthly Estimate*

^$ 3,274

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Multi-Family Home for sale in Minneapolis, MN

for $474,000 with 2 bedrooms and 2 full baths. This 2,668 square foot home was built in 1912.

A 24-hour notice is required for the tenants.

Multi-Family Active

Price

^$ 474,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,634

Style

Duplex Up and Down

Year Built

1912

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6818840

Features

General

Living Area 0

Sewer City Sewer/Connected City Sewer - In Street

Heating Hot Water

Garage Spaces 2

Pool Features None

Year Built 1912

Tenant Pays All Utilities Grounds Care

Topography High Ground

Levels Two

Property Subtype Duplex Up and Down

Tax Year 2025

Gross Income 42384

Accessibility None

County Hennepin

Net Operating Income 40184

Operating Expense 2200

Insurance Expense 450

New Construction N

Property Type Residential Income

Association Amenities None

Contingency None

MaintenanceExpense 0

Directions BETWEEN CHICAGO AND PORTLAND AVE

City Minneapolis

High School District Minneapolis

Zoning Description Residential-Multi-Family

Number Of Units Total 2

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 8634

Electric Expense 50

Fuel Expense 1008

Trash Expense 0

Water Sewer Expense 744

Additional Parcels Y/N N

Virtual Tour https://homecomingphoto.com/b/9fd#

Standard Status Active

Lender Owned No

Interior

Basement Owner Access Partially Finished Single Tenant Access Storage Space Walkout

Basement (Y/N) Y

Above Grade Finished Area 0

Laundry Features In Basement

Total Bedrooms 2

Below Grade Finished Area 0

Total Baths 2

Fuel Natural Gas

Garage Square Feet 576

Exterior

Fencing None

Parking Features Detached Garage

Water Source City Water/Connected City Water - In Street

Lot Size Area 0

Building Area Total 3944

Lot Dimensions 63 X 118

Waterfront Y/N N

Foundation Area 1276

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 3940

* Excluded Features

List By

Mazone Real Estate Group, Inc

Broker

Denise@mazonerealestategroup.com

Affordability Calculator

$3,993

Per Month

Monthly Principal & Interest: $3,274
Monthly Property Taxes: $720
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Minneapolis, MN

Average List Price ^$481,981

Percent of Sale Price 2%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2026	$474,000	-0.21%	Price Down
2/4/2026	$475,000	-3.04%	Price Down
11/20/2025	$489,900		Listed Price

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3940 Park Avenue S, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $474,000 with 2,668 sqft. 3940 Park Avenue S has 2 bedrooms, 2.0 baths, and was built in 1912. The property's zip code is 55407 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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3940 Park Avenue S

Multi-Family Home for sale in Minneapolis, MN

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