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3420 Bloomington Avenue Minneapolis, MN $ 675,000
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3420 Bloomington Avenue
$ 675,000
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3420 Bloomington Avenue

Minneapolis, MN, 55407
$ 675,000
Bedrooms-- Baths-- Sq 6,600

Monthly Estimate*

$ 4,662

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Commercial Property for sale in Minneapolis, MN

for $675,000. This 6,600 square foot building was built in 1961 on a lot size of 0.14.

Spectacular six-unit apartment complex with large units and a mix of four two-bedroom and two one-bedroom floorplans. Three story all-brick exterior, sitting on 0.14+ acres with an off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. Average one-bedroom rents are $1,100 and two-bedroom at $1,300. This asset is centrally located next to Powderhorn Park and a stabilized in-place cap rate of 7.67% along with a 7.40 gross multiplier

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Commercial Active

Price

$ 675,000

Property Type

Commercial

Taxes

$ 14,699

Style

Lot Size

0.14

Year Built

1961

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7168478
Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water
Cooling Wall Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Age Over 8 Years Flat Rubber
Appliances Range Refrigerator
Garage Spaces 0
Pool Features None
Year Built 1961
Tenant Pays Broadband Electricity
Topography Hilly
Levels Three Or More
Tax Year 2026
Current Use Residential
Gross Income 91200
Accessibility None
County Hennepin
Net Operating Income 51792
Operating Expense 39407
Insurance Expense 4260
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 0
Subdivision Name Bloomington Ave Add
Possible Use Income
Directions Bloomington Ave S to property
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 6
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 14699
Electric Expense 576
Fuel Expense 2268
Trash Expense 2724
Water Sewer Expense 10080
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Cable Ceiling Fan(s) Hardwood Floors Tile Floors
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Interior
Basement Finished Full Storage/Locker
Basement (Y/N) Y
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Fencing None
Parking Features Parking Lot
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.14
Building Area Total 6600
Lot Dimensions 50 x 123
Waterfront Y/N N
Foundation Area 2200
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3420
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

nopatz@apartmentcashflow.com

Email

Affordability Calculator

$5,887
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,662
Monthly Property Taxes
$1,225
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
11/3/2026$675,000 Listed Price

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3420 Bloomington Avenue, Minneapolis, MN, 55407 is a Commercial Property for sale at $675,000 with 6,600 sqft and a lot size of 0.14. 3420 Bloomington Avenue was built in 1961. The property's zip code is 55407 which is in Minneapolis, MN

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