3532 Longfellow Avenue, Minneapolis, MN 55407 (MLS# 7139649)
$410,000
Minneapolis, MN 55407
MLS# 7139649
Status: Closed
6 beds | 3 baths | 2561 sqft
1 / 28
Property Description
Income-producing property with space available for an owner-occupant in a great South Minneapolis location! Live in the vacant main-floor unit while collecting $1,450/month from the upper unit and $1,000/month from the basement unit. The property has been well cared for and features hardwood floors, a large yard, good-condition windows and roof, and several updates throughout. Conveniently located near shops, restaurants, schools, parks, and easy access to everything South Minneapolis has to offer. Move in and let the existing rental income help offset your monthly payment, or rent all three units for additional income potential.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-09-13
Contingency: None
Current Price: 405000
Closed Date: 2026-09-25
Original List Price: 410000
ListPrice: 410000
Sales Close Price: 405000
List Date: 2026-09-07
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1924
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Baths Total: 3
Main Floor Total SqFt: 854
Above Ground SqFt: 1708
Below Grd Total SqFt: 853
Total SqFt: 2561
Foundation Size: 1019
Lot Size SqFt: 6098
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2518.00
Garage Stalls: 2
Lot Dimensions: 50x125
Assessment Pending: No
Location Tax and Other Information
House Number: 3532
Street Name: Longfellow
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Wilbers 2nd Add
Assessments
Tax With Assessments: 8436.22
Basement
Foundation Dimensions: 46'4x22
Building Information
Finished SqFt Above Ground: 1708
Finished SqFt Below Ground: 810
Income and Expenses
Annual Electric Expense: 500
Annual Fuel Expense: 500
Annual Gross Expenses: 15528
Annual Gross Income: 46800
Annual Insurance Expense: 3000
Annual Maintenance Expense: 900
Annual Net Income: 29868
Annual Repair Expense: 900
Annual Trash Expense: 1500
Annual Water/Sewer Expense: 1500
Total Annual Expenses: 15528
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 24x20
Garage Square Feet: 480
Public Survey Info
Range#: 24
Section#: 01
Township#: 28
Unit 1
Furnished?: No
Lease Expiration Date: 2025-06-01
Leased?: Yes
Unit Number: 1
Annual Rent: 17400
Finished SqFt: 854
Full Baths: 1
Monthly Rent: 1450
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2
Furnished?: No
Leased?: No
Unit Number: 2
Annual Rent: 17400
Finished SqFt: 854
Full Baths: 1
Monthly Rent: 1000
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 3
Furnished?: No
Lease Expiration Date: 2025-10-01
Leased?: Yes
Unit Number: 3
Annual Rent: 12000
Finished SqFt: 810
Full Baths: 1
Monthly Expense: 1450
Monthly Rent: 1000
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Details
Total Units: 3
Property Features
Accessible: None
Assumable Loan: Not Assumable
Basement: Egress Windows; Full; Shared Access
Construction Materials: Brick; Concrete; Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Brick/Stone; Stucco; Wood
Fencing: Full; Wood
Financing Terms: Cash
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Baseboard; Boiler; Hot Water; Radiator
Laundry: Electric Dryer Hookup; In Basement; Washer Hookup
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Owner Pays: Exterior Maintenance; HVAC Maintenance; Insurance; Maintenance/Repair; Repairs; Roof Maintenance; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: No Int Access to Dwelling
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; Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat
Unit 1 Amenities: Historic/Period Millwork; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Tile Floors
Unit 1 Appliances: Stainless Steel Appliances; Exhaust Fan/Hood; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Informal Dining Room; Living/Dining Room
Unit 2 Amenities: Historic/Period Millwork; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Tile Floors
Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Informal Dining Room; Living/Dining Room
Unit 3 Amenities: Main Floor Primary Bedroom
Unit 3 Appliances: Exhaust Fan/Hood; Microwave; Range; Refrigerator
Unit 3 Bath Description: Main Floor Full Bath
Unit 3 Cooling: Window
Unit 3 Dining Room Description: Eat In Kitchen
Unit 3 Special Search: Renovated
Water: City Water/Connected
Listing Office: Fuze Real Estate
Last Updated: October - 08 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Friday 9th of October 2026 09:37 AM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota