$475,000

3016 Portland Ave

Minneapolis MN, 55407

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!

Details

MLS#5262538
Sub-TypeResale
StatusPending - Show
Year1916
Days On Site72

Features

SQ Feet3,688
Units3
Building(s)1

Market Activity 55407

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
AreaMinneapolis (MN)
Listing VS Median (in 55407)
Price:
$475,000
low | high
Med:
$270,950
92.957894736842% of Average
SqFt:
3,688
low | high
Med:
1,575
100% of Average
$ / SqFt:
$129
low | high
Med:
$174
15.137538220415% of Average
On Site:
72
low | high
Med:
41
100% of Average
Listing Updated: 09/21/2019
MLS Number: 5262538
Listing Provided By:
Julie Trones  of  RE MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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