Active

3200 Bloomington Avenue

Minneapolis MN, 55407

$664,900


$125.93 per sqft

Active

5,280 sqft

Multi-family

Built in 1912

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.

6596769

MLS ID

September 10, 2024

Listed

October 17, 2024

Updated

Map

3200 Bloomington Avenue
Minneapolis MN, 55407

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Rubber


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$10,855


Tax Frequency

Annually


Days on Market

37


Garage

No


Parking

None


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

Listing History

Date

Event

Price

10/17/2024

Price change

$664,900

-5%

 

Courtesy of MRG Realty Partners, LLC

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lauren A. Janoski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 11:40 PM UTC, 10/17/2024

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