NOT LISTED FOR SALE

3148 Pleasant Ave Minneapolis, MN 55408

Lyndale Neighborhood

Estimated Value: $541,000 - $582,000

8 Beds
3 Baths
3,000 Sq Ft
$187/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2025

Last sale price $545,000 $182 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,634 / mo

34 Days on Market

About This Home

As of August 2025

Welcome to this beautifully updated triplex located in the Lyndale neighborhood of Minneapolis. Featuring two well maintained units on the main level and a massive upper-level unit, each thoughtfully renovated with modern kitchens, stylish bathrooms, updated appliances, and fresh paint throughout. The lower two units are currently occupied by reliable, month-to-month tenants, providing immediate rental income with flexibility for future plans. Brand new coin laundry in the basement only adds to this income potential. Whether you're an investor looking for a solid cash-flowing property or an owner-occupant seeking to offset your mortgage with rental income, this triplex is a perfect fit. Located in a sought-after area near local shops, restaurants, parks, and easy transit options, this property blends convenience with long-term value. Don't miss out on this great turn-key investment opportunity. Plan your tour of this new listing today!

Last Agent to Sell the Property

Graham Smith

Keller Williams Realty Integrity Lakes Listed on: 06/17/2025

Keller Williams Realty Integrity Lakes

Co-Listed By

Jacob Bentley

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Mason Vitalis

Keller Williams Classic Rlty NW

Keller Williams Classic Rlty NW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,835

Year Built

  • Built in 1886

Lot Details

  • Lot Dimensions are 45x99

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Shared Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Utilities

  • Boiler Heating System
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for all utilities
  • Assessor Parcel Number 0302824220192

Community Details

Overview

  • 3 Units
  • Motor Line Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,835

Year Built

Built in 1886

Lot Details

0 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1886
  • Above Grade Finished Sq Ft: 3000
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Shared Access, Unfinished
  • Living Area: 3000
  • Owner Pays: All Utilities
  • Basement YN: Yes
  • Appliances: Range
  • Appliances: Range
  • Amenities: Porch
  • Appliances: Range
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Neighborhood: South Uptown

Garage/Parking

  • Parking Features: On-Street Parking Only

Utilities

  • Heating: Boiler, Radiant
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 45x99
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0302824220192
  • Tax Annual Amount: 7835
  • TaxWithAssessments: 7834.7600

Multi Family

  • TenantPays: Cable TV
  • Number Of Refrigerators: Three

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2025
Closed on
Aug 22, 2025
Sold by
Bought by
Seller's Agent
Graham Smith
Keller Williams Realty Integrity Lakes
Buyer's Agent
Mason Vitalis
Keller Williams Classic Rlty NW
List Price
$525,000
Sold Price
$545,000
Premium/Discount to List
$20,000
3.81%
Views
229
Current Estimated Value
$560,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,928
Avg. Annual Appreciation
3.08%
Original Mortgage
$517,750
Interest Rate
0.0672%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Interest Rate
0.029%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
0.047%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
0.0423%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$545,000 Watermark Title
$450,000 Watermark Title Agency
$385,000 First American Title Ins Co
-- Titlenexus Llc
$300,000 Titlenexus Llc
$56,793 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $517,750
Previous Owner $441,849
Previous Owner $308,000
Previous Owner $225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $545,000 +3.8% $182 / Sq Ft
07/21/2025 07/21/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $525,000 -- $175 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,646 $437,500 $129,000 $308,500
2024 $7,835 $431,000 $129,000 $302,000
2023 $11,010 $454,000 $127,000 $327,000
2022 $8,238 $478,000 $123,000 $355,000
2021 $7,933 $485,000 $101,000 $384,000
2020 $8,578 $485,000 $92,400 $392,600
2019 $8,008 $485,000 $61,600 $423,400
2018 $7,484 $441,000 $38,000 $403,000
2017 $6,474 $345,500 $34,500 $311,000
2016 $6,063 $300,500 $34,500 $266,000
2015 $5,559 $261,500 $34,500 $227,000
2014 -- $227,500 $26,500 $201,000
Source: Public Records

Agents Affiliated with this Home

  • Graham Smith

    Seller's Agent in 2025

    Graham Smith

    Keller Williams Realty Integrity Lakes

    (612) 414-5614

    1 in this area

    334 Total Sales

    Graham Smith
    Section Image
  • Jacob Bentley

    Seller Co-Listing Agent in 2025

    Jacob Bentley

    Keller Williams Realty Integrity Lakes

    (763) 777-2068

    1 in this area

    17 Total Sales

    Jacob Bentley
    Section Image

  • M

    Buyer's Agent in 2025

    Mason Vitalis

    Keller Williams Classic Rlty NW

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6740406

NorthstarMLS

APN: 03-028-24-22-0192

Minnesota Hennepin County Minneapolis 55408 Lyndale

3148 Pleasant Ave, Minneapolis, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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