3420 Portland Avenue, Minneapolis, MN 55407

$500,000
Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 3,222 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $500,000 Last Modified: 4/29/2025

Overview

Description

Opportunity knocks in this beautiful South Minneapolis duplex that could easily exceed the 1% rule. Huge units with intricate woodwork, off street parking spaces, and a Mother In Law suite attached for bonus income. Don't miss out on your chance to own this cash cow!

Listing Details MLS# 6341342

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Year Built
1900
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1611
Above Ground SqFt
1611
Below Grd Total SqFt
1611
Total SqFt
3222
Foundation Size
1836
Lot Size SqFt
4791.6
Style
(MF) Duplex Other
Total Finished Sqft
5184.00
Lot Dimensions
42 X 118
Acres
0.11
Assessment Pending
Unknown
# Carport Spaces
0
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Garage Stalls
0

Property Features

Accessible: None Basement: Full Construction Status: Previously Owned Exterior: Metal Fuel: Natural Gas Heating: Hot Water Neighborhood Name: Central Sellers Terms: Cash; Conventional; FHA Sewer: City Sewer/Connected Stories: More Than 2 Stories Water: City Water/Connected

Contract Information

Allow Auto Valuation Display?
Yes
Allow Consumer Comment
Yes
Off Market Date
2023-03-10
Contingency
None
Closed Date
2023-03-10
Sales Close Price
500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3420
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
5280
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3573
Finished SqFt Below Ground
1611

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

FIPS Code
27053
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
03
Township#
28

Unit Details

Total Units
3

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

Map Page
120
Municipality
Minneapolis
Rental License?
No
School District
Minneapolis
School District Phone
612-668-0000
Map Coordinate Source
King's Street Atlas
Zip Plus 4
5607
Property ID Number
0302824410005
Tax Year
2022
Tax Amount
5280
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Opportunity knocks in this beautiful South Minneapolis duplex that could easily exceed the 1% rule. Huge units with intricate woodwork, off street parking spaces, and a Mother In Law suite attached for bonus income. Don't miss out on your chance to own this cash cow!
Directions
Lake St to Portland Ave S

Accessible

None
Yes

Basement

Full
Yes

Construction Status

Previously Owned
Yes

Exterior

Metal
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Neighborhood Name

Central
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Sewer

City Sewer/Connected
Yes

Stories

More Than 2 Stories
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
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

Documents

Listing Office: Unknown Office
IDX
Last Updated: April - 29 - 2025
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.