Savvy Avenue
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Street View
$389,900
Monthly Est:$1,941
7 Beds
3 Baths
2,570sqft
3605 S 3rd Avenue, Minneapolis, MN 55409
$389,900
$1,941/moEst:
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Triplex
Built in 1910
$-- HOA
0.12 acre lot
$152/sq.ft
Description
Public Remarks: Fantastic investment opportunity in the desirable Central neighborhood of South Minneapolis! This classic triplex blends timeless character with solid income potential and long-term upside. The property features updated mechanicals, newer vinyl thermopane windows, and three income-producing units currently rented at $1,575, $1,590, and $1,000 per month.
Located in a highly walkable and bike-friendly area near transit, parks, restaurants, and the Midtown Greenway, this property offers strong tenant appeal and convenient access to everything South Minneapolis has to offer. Ideal for an owner-occupant seeking supplemental rental income or an investor looking for a stable multifamily asset in the urban core.
Opportunity to convert currently rented nonconforming unit to conforming through the addition of an exterior staircase.
Additional financial upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.
Strong cash flow, classic charm, and future upside make this a compelling opportunity in one of Minneapolis’ most connected neighborhoods.
- Houzeo last checked: 14 minutes ago
- Listing updated: August 26, 2026 at 2:06 pm
- Listing Provided by: David H Berglund (651) 283-6346 | Summit Realty LLC (612) 708-2631
- Source: Northstar MLS-MN as distributed by MLS GRID | MLS#: 7074993
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1910
HOA Fees
-
Finished Area
2,570 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
7074993
Days on Market
155
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 3
Interior
Exterior Features
Vinyl
Sewer
City Sewer In Street
Heating
Forced Air, Space Heater
Construction
Year Built
Year Built: 1910
Home type
Triplex
Foundation Details
Combination
Utilities & Energy
Parking Features
Concrete
Water Source
City Water/connected
Laundry Features
In Basement
Basement
Unfinished
Price History
| Date | Event | Price |
|---|---|---|
08/26/2026 Source: | Price Decreased | $389,900 -4.88% $152/sqft |
06/30/2026 Source: | Listed for Sale | $409,900 +146.19% $159/sqft |
04/09/2021 Source: | Sold | $166,500 $65/sqft |
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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Nov 04, 2026, 12:46AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the 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.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Advertising Broker: Moe Mossa (Savvy Avenue) (612) 490-1268 | Savvy Avenue, LLC
