3548 Portland Avenue, Minneapolis, MN 55407 (MLS# 7079608)


$609,900
3548 Portland Avenue
Minneapolis, MN 55407
MLS# 7079608
8 beds  |  4 baths  |  4096 sqft


3548 Portland Avenue, Minneapolis, MN 55407
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Property Description
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.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 609900
Original List Price: 609900
ListPrice: 609900
List Date: 2026-05-22
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1923
Yearly/Seasonal: Yearly
Bedrooms: 8
Baths Total: 4
Main Floor Total SqFt: 2048
Above Ground SqFt: 4096
Total SqFt: 4096
Foundation Size: 2048
Style: (MF) Four Plex
Total Finished Sqft: 4096.00
Lot Dimensions: 42x120
Acres: 0.12
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 3548
Street Name: Portland
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Clinton Ave Add
Assessments
Tax With Assessments: 9502
Building Information
Finished SqFt Above Ground: 4096
Income and Expenses
Annual Gross Expenses: 6000
Annual Gross Income: 69480
Annual Net Income: 63480
Total Annual Expenses: 6000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Unit 1
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 16800
Finished SqFt: 974
Full Baths: 1
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 17940
Finished SqFt: 850
Full Baths: 1
Monthly Rent: 1495
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 3
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 17940
Finished SqFt: 850
Full Baths: 1
Monthly Rent: 1495
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 4
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 16800
Finished SqFt: 850
Full Baths: 1
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit Details
Total Units: 4
Property Features
Accessible: None
Basement: Full; Unfinished
Construction Status: Previously Owned
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected

Listing Office: Algo Realty Inc

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.

Friday 29th of May 2026 03:07 PM

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