3232 3rd Ave S Minneapolis, MN 55408
Central NeighborhoodEstimated payment $2,694/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. Owner occupant investors welcomed with lower unit lease ending 5/31! 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 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.
Listing Agent
Keller Williams Classic Rlty NW Brokerage Phone: 2183105947 Listed on: 04/02/2026
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
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 |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $425,000 | -- | $166 / 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: 7046327
APN: 03-028-24-13-0010
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.