Home for Sale in Minneapolis
3200 Bloomington Avenue
Minneapolis, MN 55407

Price
664,900

MLS #
6596769

Status
Active


Request Showing

Property Details

No. of Units
4

Year Built
1912

Acres
0.11

2024 Property Taxes
$10,855

School District
Minneapolis

County
Hennepin


This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building. Tenants pay their own Heat / Gas / Electric! Lots of storage is available in the basement with a separate entrance in the back for convenient access. Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat. Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit. The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.


Cedar avenue south (Highway 77), Go West on E 32nd St, property is on South West corner of 32nd and Bloomington


Cedar avenue south (Highway 77), Go West on E 32nd St, property is on South West corner of 32nd and Bloomington

Unit Information


Unit 1

Unit 2

Unit 3

Unit 4

Features


Electric
100 Amp Service

Heating
Forced Air

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
Nathan Schammel of MRG Realty Partners, LLC

Listed
09/10/24 and last updated 11/07/24

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