3132 Minnehaha Avenue, Minneapolis, MN 55406
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
3132 Minnehaha Avenue,Minneapolis, MN 55406
$599,900
- 8 Beds
- 4 Baths
- 6,732 sq. ft.
- Multi-family
- Active
Listed by: donald c frable
Office: frable realty
MLS#:7051738
Source:ND_FMAAR
Price summary
- Price:$599,900
- Price per sq. ft.:$89.11
About this home
Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for!
This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow.
Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing.
The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach.
With one unit currently vacant, showings are easy to schedule with little notice — so don't wait!...
Contact an agent
Home facts
- Year built:1914
- Listing ID #:7051738
- Added:1 day(s) ago
- Updated:April 11, 2026 at 03:04 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Basement:Yes
- Living area:6,732 sq. ft.
Structure and exterior
- Roof:Flat
- Year built:1914
- Building area:6,732 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:City Water/Connected
- Sewer:City Sewer/Connected
Finances and disclosures
- Price:$599,900
- Price per sq. ft.:$89.11
- Tax amount:$26,682
Parking
- Garage spaces:4
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