3132 Minnehaha Avenue, Minneapolis, MN 55406

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1914
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 2244
Above Ground SqFt: 4488
Below Grd Total SqFt: 2244
Total SqFt: 6732
Foundation Size: 4488
Style: (MF) Four Plex
Total Finished Sqft: 4488.00
Power Company: Xcel Energy
Garage Stalls: 4
Lot Dimensions: 50X150
Acres: 0.17
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: Full; Shared Access; Storage Space; Storage/Locker; Unfinished Construction Materials: Block; Frame Construction Status: Previously Owned Existing Financing: Conventional Exterior: Stucco; Wood Fencing: Partial Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water; Radiator Laundry: Common Area; In Basement Lock Box Type: Supra Parking Characteristics: Parking Lot Rental License Type: Standard Road Frontage: City Street; County Road; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Flat Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional; Conventional Rehab; FHA; FHA Rehab 203k; MHFA/WHEDA; Special Funding; Trade; VA Sewer: City Sewer/Connected Shared Rooms: Sun Room Stories: Two Topography: Level Unit 1 Amenities: Historic/Period Millwork; French Doors; Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors; Sun Room; Tile Floors Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Informal Dining Room; Living/Dining Room Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Historic/Period Millwork; French Doors; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Sun Room; Tile Floors Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Informal Dining Room; Kitchen/Dining Room Unit 3 Amenities: Historic/Period Millwork; French Doors; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Sun Room; Tile Floors Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: None Unit 3 Dining Room Description: Informal Dining Room; Kitchen/Dining Room Unit 4 Amenities: Historic/Period Millwork; French Doors; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Sun Room; Tile Floors Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Main Floor Full Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Informal Dining Room; Kitchen/Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 599900
ListPrice: 599900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3132
Street Name: Minnehaha
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Griswolds 3rd Add

Assessments

Tax With Assessments: 26682
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 4488

More Information

Income and Expenses

Annual Gross Income: 79800
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 01
Township#: 28

Unit 1

Furnished?: No
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 18600
Finished SqFt: 1122
Full Baths: Yes
Monthly Rent: 1550
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 2

Furnished?: No
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 18000
Finished SqFt: 1122
Full Baths: Yes
Monthly Rent: 1500
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 3

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 3
Annual Rent: 18600
Finished SqFt: 1122
Full Baths: Yes
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 4

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: 4
Annual Rent: 18600
Finished SqFt: 1122
Full Baths: Yes
Monthly Rent: 1550
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 023 BLOCK 001 GRISWOLDS 3RD ADDN TO MPLS
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4117
Property ID Number: 0102824120057
Tax Year: 2025
Tax Amount: 10013
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for! This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow. Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing. The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach. With one unit currently vacant, showings are easy to schedule with little notice — so don't wait!
Directions: Minnehaha Ave South of Lake street.

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Shared Access: Yes
Storage Space: Yes
Storage/Locker: Yes
Unfinished: Yes

Construction Materials

Block: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Stucco: Yes
Wood: Yes

Fencing

Partial: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes
Radiator: Yes

Laundry

Common Area: Yes
In Basement: Yes

Parking Characteristics

Parking Lot: Yes

Patio, Porch and Deck Features

Rear Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
County Road: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes

Sellers Terms

Adj. Rate/Gr Payment: Yes
Cash: Yes
Conventional: Yes
Conventional Rehab: Yes
FHA: Yes
FHA Rehab 203k: Yes
MHFA/WHEDA: Yes
Special Funding: Yes
Trade: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Sun Room: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Unit 1 Amenities

Historic/Period Millwork: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes
Living/Dining Room: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Amenities

Historic/Period Millwork: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Unit 3 Amenities

Historic/Period Millwork: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

None: Yes

Unit 3 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Unit 4 Amenities

Historic/Period Millwork: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Main Floor Full Bath: Yes

Unit 4 Cooling

None: Yes

Unit 4 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes