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    • $428,265

    3232 3rd Ave S, Minneapolis, MN 55408

    5beds
    2baths
    2,560sqft
    Duplex Up and Down
    Built in 1902
    -- sqft lot
    $431,000 Zestimate®
    $167/sqft
    $2,019 Estimated rent

    Home value

    $431,000

    $401,000 - $465,000

    $2,019/mo

    Zestimate® history
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    $2,228/mo

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    What's special

    Maintenance-free sidingUpdated windowsNicely refreshed interiorsWalk-up atticBrand-new boilersLarge basement
    The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs. Owner occupant investors welcomed with lower unit lease ending 5/31! With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Moe 218-310-5947,

    Keller Williams Classic Rlty NW

    Bought with:

    Rianna Redig

    Jason Mitchell Group

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7046327MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Boiler, Hot Water
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,560
    • Total interior livable area: 2,560 sqft
    • Finished area above ground: 2,560
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel
    Accessibility
    • Accessibility features: Stair Lift
    Features
    • Levels: Two
    • Fencing: Chain Link,Privacy,Wood
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 46 x 128
    Details
    • Foundation area: 1280
    • Parcel number: 0302824130010
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Up and Down
    Materials
    • Roof: Asphalt,Rubber
    Condition
    • New construction: No
    • Year built: 1902

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $167/sqft
    • Tax assessed value: $345,300
    • Annual tax amount: $5,099
    • Date on market: 4/2/2026
    • Cumulative days on market: 64 days
    • Tenant pays: Electricity, Fuel, Grounds Care, Snow Removal

    Price history

    DateEventPrice
    5/14/2026Sold$428,265+0.8%$167/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7046327 Report a problem
    4/13/2026Pending sale$425,000$166/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7046327 Report a problem
    4/2/2026Listed for sale$425,000-5.3%$166/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7046327 Report a problem
    4/2/2026Listing removed$449,000$175/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6807838 Report a problem
    3/13/2026Listed for sale$449,000$175/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6807838 Report a problem
    12/3/2025Listing removed$449,000$175/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6807838 Report a problem
    10/31/2025Listed for sale$449,000+45%$175/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6807838 Report a problem
    6/4/2025Listing removed$1,895$1/sqft
    Source: Zillow Rentals Report a problem
    6/2/2025Listed for rent$1,895-2.8%$1/sqft
    Source: Zillow Rentals Report a problem
    5/4/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/1/2024Listed for rent$1,950-11.4%$1/sqft
    Source: Zillow Rentals Report a problem
    7/19/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    7/7/2022Listed for rent$2,200$1/sqft
    Source: Zillow Rental Manager Report a problem
    9/4/2018Sold$309,552+3.2%$121/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4979084 Report a problem
    7/31/2018Pending sale$300,000$117/sqft
    Source: RE/MAX Results #4979084 Report a problem
    7/12/2018Listed for sale$300,000$117/sqft
    Source: RE/MAX Results #4979084 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,100 +9.8%$345,300 -3%
    2024$4,642 +8.8%$356,000 -1.1%
    2023$4,268 +5.5%$360,000 +8.8%
    2022$4,045 -2%$331,000 +10%
    2021$4,129 +5.7%$301,000 -4.9%
    2020$3,906 -5.4%$316,500 +13%
    2019$4,129 +5.7%$280,000 +10%
    2018$3,906 +15.7%$254,500 +18.9%
    2017$3,374 -2.2%$214,000 -4.9%
    2016$3,449 -13.5%$225,000 +19.4%
    2015$3,989 +24%$188,500 +8.6%
    2014$3,216 -3.6%$173,500 -4.9%
    2013$3,337 -10.9%$182,500 -12%
    2012$3,746 +0.9%$207,500 -7.2%
    2011$3,711 +8.3%$223,500 -5.1%
    2010$3,426 -11.7%$235,500 -9.9%
    2009$3,882 +53.6%$261,500 +44.9%
    2006$2,528 +24.4%$180,500 +28.4%
    2005$2,033 +25%$140,600 +31%
    2004$1,626 +29.8%$107,300 +27.7%
    2002$1,252 -30.8%$84,000
    2001$1,810 --
    Find assessor info on the county website

    Neighborhood: Central

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    Estimated market value
    $431,000
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    Estimated market value
    $431,000

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