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3620 3rd Avenue S Minneapolis, MN $ 499,000
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$ 499,000 Get more info
3620 3rd Avenue S
$ 499,000
Back to search
Share Save

3620 3rd Avenue S

Minneapolis, MN, 55409
$ 499,000
Bedrooms9 Baths5.0 Sq 4,863

Monthly Estimate*

$ 3,446

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Multi-Family Home for sale in Minneapolis, MN

for $499,000 with 9 bedrooms and 5 full baths. This 4,863 square foot home was built in 1915 on a lot size of 0.12.

Don't miss the opportunity to make this income-producing rental property yours, featuring quality updates throughout and a stable tenant base. Property Upgrades & Features include: New exterior window frames on the 1st floor (2026). Lower level finished with a kitchenette, 3/4 bath, bedroom with egress window, and an additional office room (2024). 3rd floor dual-split HVAC system and new carpeting installed (2023). New 3rd floor skylight (2023). 2nd floor hardwood floors installed (2018). Full roof replacement, both asphalt and rubber (2017). Pella windows installed on the 1st and 2nd floors (2016). 3rd floor full remodel with Pella windows (2012). 2nd floor bathroom remodel (2012). 1st floor full remodel and new exterior doors (2011). Exterior amenities include a fenced backyard, storage shed, and garden beds and plenty of street parking. Close to shopping, restaurants, public transportation, etc.

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Multi-Family Active

Price

$ 499,000

Bedrooms

9

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,347

Style

Fourplex

Lot Size

0.12

Year Built

1915

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7123917
Features
General
Living Area 4863
Sewer City Sewer/Connected
Heating Boiler Ductless Mini-Split
Roof Age 8 Years or Less Architectural Shingle
Garage Spaces 0
Pool Features None
Construction Materials Frame
Year Built 1915
Electric Circuit Breakers
Tenant Pays Cable TV Electricity
Levels More Than 2 Stories
Property Subtype Fourplex
Tax Year 2026
Gross Income 72000
Accessibility None
County Hennepin
Net Operating Income 52580
Operating Expense 0
Insurance Expense 5400
New Construction N
Property Type Residential Income
Association Amenities Patio Porch
Contingency None
MaintenanceExpense 2500
Directions 35W to 35th/36th St exit. East on 36th to 3rd. South on third to property on right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 8347
Electric Expense 4500
Fuel Expense 6800
Trash Expense 0
Water Sewer Expense 5520
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Daylight/Lookout Windows Egress Window(s) Finished Full Kitchenette Single Tenant Access
Basement (Y/N) Y
Above Grade Finished Area 3734
Laundry Features Electric Dryer Hookup Gas Dryer Hookup Washer Hookup
Total Bedrooms 9
Below Grade Finished Area 1129
Total Baths 5
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Fencing Chain Link
Parking Features On-Street Parking Only
Lot Features Public Transit (w/in 6 blks) Irregular Lot Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.12
Building Area Total 5121
Lot Dimensions 39x129
Waterfront Y/N N
Foundation Area 1397
Road Frontage Type City Street Curbs Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3620
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* Excluded Features
List By
Coldwell Banker Realty - Southwest Regional

Broker

zara@cbburnet.com

Email

Affordability Calculator

$4,142
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,446
Monthly Property Taxes
$696
Monthly 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
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/18/2026$499,000 -4.04% Price Down
8/20/2026$520,000 Listed Price

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3620 3rd Avenue S, Minneapolis, MN, 55409 is a Multi-Family Home for sale at $499,000 with 4,863 sqft and a lot size of 0.12. 3620 3rd Avenue S has 9 bedrooms, 5.0 baths, and was built in 1915. The property's zip code is 55409 which is in Minneapolis, MN

Get more info