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