4240 Bloomington Avenue, Minneapolis, MN 55407
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
4240 Bloomington Avenue,Minneapolis, MN 55407
$409,900
- 3 Beds
- 2 Baths
- 3,072 sq. ft.
- Multi-family
- Active
Listed by: charity ashpole
Office: national realty guild
MLS#:7087799
Source:NSMLS
Price summary
- Price:$409,900
- Price per sq. ft.:$133.43
About this home
South Minneapolis side-by-side duplex with immediate rental income, flexible occupancy, and strong house-hack potential. This one-level duplex features two separate units: the left unit is vacant and offers 2 bedrooms and 1 bathroom, while the right unit is occupied and offers 1 bedroom and 1 bathroom. The right-side tenant is currently paying $1,500/month on a month-to-month lease and would like to stay, giving the next owner immediate income with flexibility. The tenant is also paying their own utilities, and each unit has separate air conditioning, creating better comfort and separation between the two spaces. Inside, the property offers practical layouts with bright living areas, hardwood floors, neutral finishes, functional kitchens, gas ranges, clean bathroom finishes, basement laundry/storage, and useful lower-level space. The property also includes a 2-car detached garage in the back, providing added parking, storage, or potential additional rental value. For a house-hack buyer, this is a great setup: move into the vacant 2-bedroom unit and let the rental income from the occupied 1-bedroom unit help offset the monthly payment. For an investor, it offers existing income, simple unit separation, garage utility, and long-term rental upside in a central South Minneapolis location near neighborhood amenities, parks, major roads, and everyday conveniences. Whether you’re looking to owner-occupy, build equity, or add a manageable income-producing property to your portfolio, 4240 Bloomington Ave offers flexibility, cash flow potential, and a smart path into multifamily ownership....
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Home facts
- Year built:1954
- Listing ID #:7087799
- Added:4 day(s) ago
- Updated:June 10, 2026 at 03:08 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Basement:Yes
- Basement Description:Finished, Full
- Living area:3,072 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Age 8 Years or Less
- Year built:1954
- Building area:3,072 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Tree Coverage - Light
- Construction Materials:Block
- Levels:1 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$409,900
- Price per sq. ft.:$133.43
- Tax amount:$7,125 (2025)
Parking
- Parking description:Detached Garage
- Garage:Yes
- Garage spaces:2
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