Unique opportunity to invest in a renovated, centrally located triplex offering classic South Minneapolis charm. Two spacious 3-bedroom units each offer an attractive layout with a sunroom and a dining room with built-in, while the 2-bedroom unit has been completely updated with a brand new kitchen, bathroom, and refinished hardwood floors throughout. In addition to spacious units, each unit has a dedicated storage unit down stairs and there is a two car garage with newly wired electrical.The previous owners did much of the heavy lifting to update and bring the property back to life. Improvements made have increased the overall appeal to renters and increased rental income significantly.Centrally located, walkable to both Midtown Global Market and Powderhorn Park. The location offers unique, easy access to downtown, uptown, and South Minneapolis with the Greenway and main city thoroughfares like Portland & Park Avenue close by. 2nd floor unit can be rented for 1600/month. Great opp!
Off market
Zestimate®
$577,400
3016 Portland Ave, Minneapolis, MN 55407
8beds
3,688sqft
MultiFamily
Built in 1916
-- sqft lot
$577,400 Zestimate®
$157/sqft
$1,842 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other, Other
Features
- Basement: Partially finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,688 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Stucco
Lot
- Size: 5,227 sqft
Details
- Parcel number: 0302824110118
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Asphalt
Condition
- Year built: 1916
Community & neighborhood
Location
- Region: Minneapolis
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$577,400
2% more+$11,548
With Zillow Showcase(estimated)$588,948