3548 Portland Avenue, Minneapolis, MN 55407 (MLS# 7079608)
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$609,900
3548 Portland Avenue
Minneapolis, MN 55407
MLS# 7079608
8 beds | 4 baths | 4096 sqft
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. Donât miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.
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
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
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
Tax With Assessments: 9502
Finished SqFt Above Ground: 4096
Annual Gross Expenses: 6000
Annual Gross Income: 69480
Annual Net Income: 63480
Total Annual Expenses: 6000
Land Leased: Not Applicable
DP Resource: Yes
Homestead: No
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
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
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
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
Basement: Full; Unfinished
Construction Status: Previously Owned
Foundation: Concrete Block
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Algo Realty Inc
Last Updated: May - 27 - 2026
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Friday 29th of May 2026 03:07 PM