3016 Portland Ave, Minneapolis, 55407

Multi-Family - (MF) Triplex For Sale in State Add

$475,000

8Beds
3Baths
3,688Sqft
.12Acres
2Garages
1916Built
11DOM
MLS® #: 5262538
Pending, 11 Days on Market

Unique opportunity to invest in a renovated, centrally located triplex offering classic South Minneapolis charm. Two spacious 3-bedroom units each offer an attractive layout with a sunroom and a dining room with built-in, while the 2-bedroom unit has been completely updated with a brand new kitchen, bathroom, and refinished hardwood floors throughout. In addition to spacious units, each unit has a dedicated storage unit down stairs and there is a two car garage with newly wired electrical.The previous owners did much of the heavy lifting to update and bring the property back to life. Improvements made have increased the overall appeal to renters and increased rental income significantly.Centrally located, walkable to both Midtown Global Market and Powderhorn Park. The location offers unique, easy access to downtown, uptown, and South Minneapolis with the Greenway and main city thoroughfares like Portland & Park Avenue close by. 2nd floor unit can be rented for 1600/month. Great opp!

Essential Information

MLS® #: 5262538
Price: $475,000
Bedrooms: 8
Bathrooms: 3.00
Square Footage: 3,688
Acres: 0.12
Year Built: 1916
Type: Multi-Family
Sub-Type: (MF) Triplex
Style: (MF) Triplex
Status: Pending

Community Information

Address: 3016 Portland Ave
Area: Central
Subdivision: State Add
City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407

Amenities

Amenities: Coin-op Laundry Owned
# of Garages: 2
Garages: Detached Garage

Interior

Heating: Hot Water, Boiler

Exterior

Exterior: Stucco
Lot Description: Tree Coverage - Light
Roof: Asphalt Shingles, Age Over 8 Years
Construction: Previously Owned
Foundation: 1484

School Information

District: 1 - Minneapolis

Additional Information

Date Listed: July 12th, 2019
Days on Market: 11
Zoning: Residential-Multi-Family

Listing Details

Listing Office: RE/MAX Results

Financials

$/SqFt: $129

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Listing information last updated on July 22nd, 2019 at 11:35pm CDT.