3132 Minnehaha AVE Minneapolis, MN 55406
8 Beds
4 Baths
4,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $133
Subdivision Griswolds 3Rd Add
MLS Listing ID 7051738
Bedrooms 8
Year Built 1914
Annual Tax Amount $10,013
Tax Year 2025
Contingent None
Lot Dimensions 50X150
Property Sub-Type Fourplex
Property Description
This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow.
Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing.
The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach.
With one unit currently vacant, showings are easy to schedule with little notice — so don't wait!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Sun Room
Basement Daylight/Lookout Windows, Full, Shared Access, Storage/Locker, Storage Space, Unfinished
Interior
Heating Hot Water, Radiator
Fireplace No
Laundry In Basement, Common Area
Exterior
Parking Features Detached Garage, Parking Lot
Garage Spaces 4.0
Fence Partial
Roof Type Flat
Building
Story Two
Foundation 4488
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Block,Frame
New Construction false
Schools
School District Minneapolis