3016 Portland Avenue Minneapolis, MN
$ 475,000
Property Attributes
  • ML#5262538
  • TypePending
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaState Add
  • NeighborhoodCentral
  • Zip55407
  • Style(MF) Triplex
  • Year Built1916
  • Taxes6190
  • Price$ 475,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3688
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
RE/MAX Results
Property Description

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!

Price History
7/12/2019 Listed $475,000

General Features

Annual Gross Income 0.00
Complex/development/subd State Add
Construction Status Previously Owned
Contingency None
Cumulative Days on Market 10
DPR Eligible Yes
Handicap Accessible None
Has Supplements 1
Homestead No
Municipality Minneapolis
Neighborhood Central
Potential Short Sale No
Present Use Yearly
Property Type MF
School District 1 - Minneapolis
Shared Amenities Coin-op Laundry Owned
Status Pending
Style (MF) Triplex
Tax Year 2019
Year Built 1916
Zoning Residential-Multi-Family

Interior Features

Above Ground Finished Sq 3688
Basement Full
Fuel Natural Gas
Garage Stalls 2
Heating Hot Water, Boiler
Number Of Ranges Three
Number Of Refrigerators Three
Number Of Unit 1
Total Bathrooms 3
Total Finished SqFt. 3688
Unit 1 Air None
Unit 1 Amenities Natural Woodwork, Kitchen Window, Hardwood Floors, Sun Room
Unit 1 Appliances Range, Refrigerator
Unit 1 B1 Level Main (Ground)
Unit 1 B2 Level Main (Ground)
Unit 1 B3 Level Main (Ground)
Unit 1 Bath Characteristics Main Floor Full Bath
Unit 1 Bath Full 1
Unit 1 Dining Room Separate/Formal Dining Rm
Unit 1 Dining Room Level Main (Ground)
Unit 1 Ex-1 Name Sun Room
Unit 1 Finished Square Footage 1484
Unit 1 Fireplace Location/charac Living Room, Wood Burning, Brick
Unit 1 Kitchen Level Main (Ground)
Unit 1 Living Room Level Main (Ground)
Unit 1 Number Of Units 2
Unit 1 Special Rooms 3 BR on One Level
Unit 1 Total Baths 1
Unit 1 Total Rooms 7
Unit 2 Fireplace Characteristic Living Room, Wood Burning, Brick
Unit 2 Air None
Unit 2 Amenities Natural Woodwork, Kitchen Window, Hardwood Floors
Unit 2 Appliances Range, Microwave, Refrigerator
Unit 2 Bedrrom 1 Level Third
Unit 2 Bedrrom 2 Level Third
Unit 2 Dining Room Separate/Formal Dining Rm
Unit 2 Dining Room Level Third
Unit 2 Finished Square Footage 720
Unit 2 Full Bath 1
Unit 2 Kitchen Level Third
Unit 2 Living Room Level Third
Unit 2 Number Of Bedrooms 2
Unit 2 Number Of Fireplaces 1
Unit 2 Number Of Units 1
Unit 2 Total Baths 1
Unit 2 Total Rooms 7
Unit 2 Unit Number 2
Unit1 Ex-1 Level Main (Ground)

Exterior Features

Lender Owned No
Unit 1 Bedrooms 3
Unit 1 Monthly Rent 1350
Unit 2 Monthly Rent 1350
Acres 0.120
Exterior Stucco
Fencing Chain Link
Foundation Size 1484
Lot Description Tree Coverage - Light
Road Frontage City
Roof Asphalt Shingles, Age Over 8 Years
Sewer City Sewer/Connected
Water City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55407

AVG $290K
AVG $3,638
AVG 20
Year Built
AVG 1926
AVG 73
Data Provided by Walkscore ® not using MLS data

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