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$744,900
12 Beds 4 Baths 7075302 MLS
Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers. Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core. Public Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience. The property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential. Ideally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location. Additional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units. Perfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.

3500 1st Avenue S, Minneapolis

Listing courtesy of Summit Realty LLC.

$500,000
4 Beds 4 Baths 7082395 MLS
Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional features include basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.

3400 Elliot Avenue, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$640,000
5 Beds 3 Baths 7081127 MLS
Just three blocks from beautiful Bde Maka Ska, this charming 1905 up/down duplex blends classic character with thoughtful updates in an unbeatable location. The main level unit features 2 bedrooms, including one with a dedicated office space separated by French doors - perfect for working from home. Enjoy hardwood floors throughout, a bright and spacious living room, and an oversized kitchen complete with a breakfast bar, eat-in dining area, and convenient built-in laundry. Just off the kitchen, a sunny three-season porch wrapped in windows offers the perfect spot to relax. The upper unit offers a unique and versatile layout with 3 bedrooms and 2 bathrooms. The second level includes a large living room, full bathroom, and two bedrooms, along with a kitchen featuring newer luxury vinyl flooring, eat-in space, and in-unit laundry. The connected third level adds a private bedroom, ¾ bathroom, and open flex space - ideal for an office or additional living area. Major updates include roof, siding, and water heater (2022), plus A/C mini splits added the same year for modern comfort. Outside, enjoy a fully fenced backyard and dedicated parking spaces off the alley. This property was formerly a triplex with a non-conforming lower-level unit and is now zoned as a duplex. Buyers are encouraged to verify with the City of Minneapolis the potential to convert the lower level into an ADU with owner occupancy. With exceptional walkability to restaurants, shops, lakes, and trails, this property is a fantastic opportunity for both owner-occupants and investors alike!

3035 Irving Avenue S, Minneapolis

Listing courtesy of Compass.

$145,500
3 Beds 2 Baths 7004360 MLS
North Minneapolis duplex with a 2-car garage. Upper unit features 2 bedrooms/1 bathroom. Lower unit features 1 bedroom/1 bath room. Shared laundry is in the basement. Sold as-is, buyers to assume TISH repairs. A great owner-occupy opportunity or addition to any investment portfolio. Priced to reflect condition with plenty of room to add value. Just minutes from Webber Park, Victory Memorial Parkway, and North Mississippi Regional Park, part of Minneapolis’ renowned Grand Rounds Scenic Byway system. These nearby parks and trails provide miles of walking and biking paths, green space, and river views—perfect for outdoor enthusiasts and anyone who appreciates quick access to nature within the city. Nearby shopping options including Cub Foods, Aldi, North Market, and neighborhood shops along Broadway and Lowry Avenue. Dining choices range from local cafés and takeout spots to popular Minneapolis restaurants, with even more options just a short drive away in Downtown Minneapolis, the North Loop, and Northeast Minneapolis. Community amenities including nearby libraries, recreation centers, and neighborhood programs that help foster a strong sense of connection. Commuters will appreciate convenient access to Highway 94, Highway 55, and Highway 100, along with public transit options that make getting around the metro simple and efficient. Take this opportunity to own a two-unit property in a central Minneapolis location—perfect for generating rental income, offsetting a mortgage, or accommodating multiple households under one roof. With flexible living arrangements, proximity to parks and trails, and easy access to shopping, dining, and downtown Minneapolis, this duplex delivers both lifestyle and investment potential. Come explore the possibilities and imagine how this property can work for you.

4126 Dupont Avenue N, Minneapolis

Listing courtesy of Real Broker, LLC.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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