3528 Bloomington Avenue, Minneapolis, MN 55407 (MLS# 7046526)


$990,000
3528 Bloomington Avenue
Minneapolis, MN 55407
MLS# 7046526
9 beds  |  6 baths


3528 Bloomington Avenue, Minneapolis, MN 55407
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Property Description
This beautifully updated multi-family property has been completely renovated from top to bottom, offering a rare combination of modern finishes, efficient systems, and low ongoing operating costs. Every unit has been thoughtfully redesigned to meet today’s tenant and owner-occupant expectations, making this an outstanding long-term investment. Each unit features brand-new kitchens with modern cabinetry, countertops, and appliances, along with fully renovated bathrooms finished with clean, contemporary materials. In-unit laundry has been added to every residence, a highly desirable amenity that increases rental appeal and reduces tenant turnover. Unlike many older multi-family properties, this building offers: *** separate forced-air furnaces and central air conditioning systems for each unit, allowing individual climate control and simplifying maintenance. ***Tenants are billed directly for their own gas and electric, significantly reducing owner expenses and providing predictable, efficient operations. With updated systems throughout, a new owner will benefit from low utility costs, minimal deferred maintenance, and reduced repair risk, creating a true plug-and-play investment. Whether you are a seasoned investor looking to add a stabilized asset to your portfolio or an owner-occupant seeking to offset your housing costs with rental income, this property checks all the boxes. The combination of a full renovation, modern amenities, separate utilities, and strong rental demand makes this a rare opportunity in today’s market. Turn-key, low-maintenance, and built for cash flow, this is the kind of asset that performs well both now and long term. Add this exceptional property to your portfolio today. Great DSCR Loan Option.

Details
Maps
Contract Information
Status: Active
Current Price: 990000
Contingency: Sale of Another Property
ListPrice: 990000
List Date: 2026-03-31
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 3
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1919
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 9
Baths Total: 6
Foundation Size: 5000
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 123x50
Assessment Pending: No
Location Tax and Other Information
House Number: 3528
Street Name: Bloomington
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Bloomington Ave Add
Assessments
Tax With Assessments: 13782
Building Information
Building Finished SqFt: 5000
Building SqFt: 6072
Income and Expenses
Annual Gross Income: 117000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 02
Township#: 28
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Monthly Rent: 1770
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 6
Level: Main Level
Unit Total SqFt: 1000
Leased?: Yes
Lease Expiration Date: 2026-05-31
No. of 1 Bedroom Units: 3
Unit 2
No. of 2 Bedroom Units: 3
Full Baths: 1
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1650
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 6
Unit Number: 2
Unit Total SqFt: 1000
Unit 3
Full Baths: 1
Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1750
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 3
Unit Total SqFt: 1000
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1664
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 7
Unit Number: 4
Unit Total SqFt: 1000
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1395
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Number: 5
Unit Total SqFt: 550
Unit 6
Full Baths: 1
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1495
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 6
Unit Number: 6
Unit Total SqFt: 625
Unit Details
Total Units: 6
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Hardwood Floors; Kitchen Window; Washer/Dryer Hookup
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Egress Windows; Full; Storage/Locker
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Fiber Board; Stucco
Fencing: Privacy
Flooring: Luxury Vinyl Tile; Wood
Foundation: Combination; Concrete Perimeter
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lot Description: Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Lawn; Lawn; Maintenance/Repair; Management; Sewer; Snow Removal; Taxes; Trash Collection; Water
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Rubber
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat; Hot Water; Telephone
Topography: Level
Wall Description: Drywall; Plaster
Water: City Water/Connected
Window Features: Blinds; Insulated Windows

Listing Office: BuyRentSell.com, LLC

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Thursday 28th of May 2026 04:19 PM

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