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  • Price cut: $40K (6/15)
    $569,900

    3548 Portland Ave, Minneapolis, MN 55407

    8beds
    4baths
    4,096sqft
    : 
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    Fourplex
    Built in 1923
    -- sqft lot
    $563,100 Zestimate®
    $139/sqft
    $-- HOA

    What's special

    Functional layouts
    Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5,790 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow. This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability. Don’t miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.
    55 days
    |
    214
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Grigoriy Gorshteyn 952-220-0861,

    Algo Realty Inc

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7079608MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Boiler
      Features
      • Basement: Daylight,Full,Unfinished
      Interior area
      • Total structure area: 4,096
      • Total interior livable area: 4,096 sqft
      • Finished area above ground: 4,096
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Concrete
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 42 x 120
      Details
      • Foundation area: 2048
      • Parcel number: 0302824410146

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Condition
      • New construction: No
      • Year built: 1923

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Clinton Ave Add
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $139/sqft
      • Tax assessed value: $521,000
      • Annual tax amount: $9,502
      • Date on market: 5/22/2026
      • Cumulative days on market: 62 days

        Estimated market value

        $563,100

        $535,000 - $591,000

        $2,047/mo

        Price history

        DateEventPrice
        6/15/2026Price change$569,900-6.6%$139/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7079608 Report a problem
        5/22/2026Listed for sale$609,900$149/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7079608 Report a problem
        10/26/2025Listing removed$609,900$149/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6787348 Report a problem
        9/29/2025Price change$609,900-3.2%$149/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6787348 Report a problem
        9/13/2025Listed for sale$629,900+16.6%$154/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6787348 Report a problem
        12/7/2023Sold$540,000+17.4%$132/sqft
        Source: Public Record Report a problem
        7/16/2019Sold$460,111+2.2%$112/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5247903 Report a problem
        6/14/2019Listed for sale$450,000+50%$110/sqft
        Source: John Thomas Realty #5247903 Report a problem
        3/1/2013Sold$300,000+100%$73/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4118883 Report a problem
        4/28/2009Sold$150,000+56.4%$37/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #1689787 Report a problem
        3/13/1997Sold$95,900$23/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,502 +2.9%$521,000
        2024$9,230 -0.6%$521,000 -9.7%
        2023$9,284 +18.3%$577,000 +0.1%
        2022$7,848 +4%$576,600 +24.8%
        2021$7,547 +1.7%$462,000
        2020$7,424 -1.6%$462,000 +10%
        2019$7,547 +1.7%$420,000 -4.2%
        2018$7,424 +9%$438,500 +27.5%
        2017$6,812 +5.7%$344,000
        2016$6,447 -3.1%$344,000 +15.1%
        2015$6,652 +9.6%$299,000 +15%
        2014$6,068 +3.4%$260,000 +10.9%
        2013$5,869 +4.1%$234,500 -10%
        2012$5,637 -0.5%$260,500 -5%
        2011$5,664 +6%$274,200 -7.4%
        2010$5,342 -10.2%$296,000 -7.9%
        2009$5,949 +9.2%$321,500 +6.6%
        2006$5,450 +0.7%$301,500 +4.1%
        2005$5,414 -3.3%$289,500 +3.9%
        2004$5,597 +22.5%$278,500 +27.2%
        2002$4,569 -6.2%$219,000
        2001$4,869 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Central

        Getting around

        76 / 100
        Very Walkable
        52 / 100
        Good Transit
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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