Listed By
Agency Name: Summit Realty LLC
Agency Phone: 612-708-2631
Shown By
Agent Name: Carol Wahl
Agent Phone: (651) 343-7367
Agency Title: Counselor Realty
Property Description
Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers. Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core.Public Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience.The property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential.Ideally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location.Additional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units.Perfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.
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3500 1st Avenue S, Minneapolis, MN 55408
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$ 5,326.86 per month $4,124.34 Principal & Interest $976.50 Property Tax $226.01 Homeowner's InsuranceChange Payment Information
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3500 1st Avenue S, Minneapolis, MN 55408
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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3500 1st Avenue S | MLS# 7075302
This multi-family property located at 3500 1st Avenue S, Minneapolis, MN 55408 is currently listed for sale with an asking price of $774,900. 1st Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on cwahl.counselorrealty.com today.