3232 3rd Ave S Minneapolis, MN 55408
Central NeighborhoodEstimated payment $2,791/month
Highlights
- Stair Lift
- Hot Water Heating System
- Privacy Fence
- Washburn High School Rated A-
About This Home
The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs.
With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned portfolio builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric. Don’t miss this cash-flow opportunity with built-in equity potential—schedule your showing today!
Listing Agent
Keller Williams Classic Rlty NW Brokerage Phone: 218-310-5947 Listed on: 10/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,100
Year Built
- Built in 1902
Lot Details
- Lot Dimensions are 46x128
- Privacy Fence
- Wood Fence
- Chain Link Fence
Home Design
- Duplex
- Rubber Roof
- Metal Siding
- Vinyl Siding
Interior Spaces
- 2,560 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Accessible Home Design
- Stair Lift
Utilities
- Hot Water Heating System
- Boiler Heating System
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for insurance, repairs, taxes
- Assessor Parcel Number 0302824130010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $5,100 | $356,000 | $48,000 | $308,000 |
| 2023 | $4,642 | $360,000 | $45,000 | $315,000 |
| 2022 | $4,045 | $331,000 | $45,000 | $286,000 |
| 2021 | $4,129 | $301,000 | $27,000 | $274,000 |
| 2020 | $3,906 | $316,500 | $30,900 | $285,600 |
| 2019 | $3,615 | $280,000 | $20,600 | $259,400 |
| 2018 | $3,374 | $254,500 | $20,600 | $233,900 |
| 2017 | $3,449 | $214,000 | $18,700 | $195,300 |
| 2016 | $3,989 | $225,000 | $18,700 | $206,300 |
| 2015 | $3,216 | $188,500 | $18,700 | $169,800 |
| 2014 | -- | $173,500 | $18,700 | $154,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $449,000 | -- | $175 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $309,552 | Titlenexus Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $294,074 | New Conventional |
Source: NorthstarMLS
MLS Number: 6807838
APN: 03-028-24-13-0010
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