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Off market
  • $582,300

    3016 Portland Ave, Minneapolis, MN 55407

    8beds
    3,688sqft
    MultiFamily
    Built in 1916
    -- sqft lot
    $582,300 Zestimate®
    $158/sqft
    $1,825 Estimated rent

    Home value

    $582,300

    $542,000 - $623,000

    $1,825/mo

    Zestimate® history
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    Owner options

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    $1,825/mo

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    $1,825/mo

    Rent Zestimate®

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    $3,705/mo

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    $3,705/mo

    Est. payment

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    What's special

    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!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other, Other
    Features
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,688 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stucco
    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 0302824110118

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Roof: Asphalt
    Condition
    • Year built: 1916

    Community & neighborhood

    Location
    • Region: Minneapolis

    Price history

    DateEventPrice
    12/17/2024Listing removed$549,000$149/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6607512 Report a problem
    9/28/2024Listed for sale$549,000+15.6%$149/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6607512 Report a problem
    1/14/2020Listing removed$475,000-2.5%$129/sqft
    Source: RE/MAX Results #5262538 Report a problem
    8/29/2019Sold$487,000+2.5%$132/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5262538 Report a problem
    7/22/2019Pending sale$475,000$129/sqft
    Source: RE/MAX Results #5262538 Report a problem
    7/12/2019Listed for sale$475,000+46.2%$129/sqft
    Source: RE/MAX Results #5262538 Report a problem
    9/25/2017Sold$325,000+1.6%$88/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4871436 Report a problem
    3/17/2013Listing removed$1,097
    Source: Twin Cities Home Rental Report a problem
    12/11/2012Listed for rent$1,097+4.5%
    Source: Twin Cities Home Rental Report a problem
    11/12/2011Listing removed$1,050
    Source: RentNice.com Report a problem
    9/12/2011Price change$1,050-4.3%
    Source: RentNice.com Report a problem
    8/11/2011Listed for rent$1,097
    Source: RentNice.com Report a problem
    9/21/2005Sold$319,900+294.9%$87/sqft
    Source: Public Record Report a problem
    9/8/2003Sold$81,000+134.8%$22/sqft
    Source: Public Record Report a problem
    8/18/1998Sold$34,500$9/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,320 +14%$518,700 +1.5%
    2024$8,174 +10.9%$511,000
    2023$7,374 -5.2%$511,000 +11.6%
    2022$7,780 +4.9%$458,000
    2021$7,417 +11.9%$458,000 +0.9%
    2020$6,629 -10.6%$454,000 +21.1%
    2019$7,417 +11.9%$375,000 +10%
    2018$6,629 +17.7%$341,000 +26.8%
    2017$5,630 +11.7%$269,000
    2016$5,042 -4.9%$269,000 +14%
    2015$5,302 +8.4%$236,000 +13.7%
    2014$4,891 -0.3%$207,500 -5%
    2013$4,904 -9.5%$218,500 -12.1%
    2012$5,418 +1.6%$248,500 -5%
    2011$5,332 +7%$261,500 -6.6%
    2010$4,983 -6%$280,000 -4.9%
    2009$5,299 +53.3%$294,500 +56.2%
    2006$3,455 +25.7%$188,600 +26.2%
    2005$2,749 +69.3%$149,400 +27%
    2004$1,624 +13.5%$117,600 +22.4%
    2002$1,431 -41%$96,100
    2001$2,427 --

    Find assessor info on the county website

    Neighborhood: Central

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $582,300
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    Estimated market value
    $582,300