3548 Portland Ave Minneapolis, MN 55407
Central NeighborhoodEstimated payment $4,148/month
About This Home
Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5,601 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow.
This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability.
Don’t miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,502
Year Built
- Built in 1923
Home Design
- Quadruplex
Interior Spaces
- 4,096 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Additional Features
- Lot Dimensions are 42.00 x 120.00
- Boiler Heating System
Community Details
- 4 Units
- Clinton Ave Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0302824410146
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/13/2025 09/13/25 | For Sale | $629,900 | +110.0% | $154 / Sq Ft |
03/01/2013 03/01/13 | Sold | $300,000 | -4.8% | $73 / Sq Ft |
01/30/2013 01/30/13 | Pending | -- | -- | -- |
01/31/2012 01/31/12 | For Sale | $315,000 | -- | $77 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6787348

APN: 03-028-24-41-0146
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