3528 Bloomington Avenue, Minneapolis, MN 55407

$990,000
Property Type: Commercial Bedrooms: 9 Baths: 6 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $990,000 List Date: 3/31/2026 Last Modified: 4/22/2026

Overview

Description

This beautifully updated multi-family property has been completely renovated from top to bottom, offering a rare combination of modern finishes, efficient systems, and low ongoing operating costs. Every unit has been thoughtfully redesigned to meet today’s tenant and owner-occupant expectations, making this an outstanding long-term investment. Each unit features brand-new kitchens with modern cabinetry, countertops, and appliances, along with fully renovated bathrooms finished with clean, contemporary materials. In-unit laundry has been added to every residence, a highly desirable amenity that increases rental appeal and reduces tenant turnover. Unlike many older multi-family properties, this building offers: *** separate forced-air furnaces and central air conditioning systems for each unit, allowing individual climate control and simplifying maintenance. ***Tenants are billed directly for their own gas and electric, significantly reducing owner expenses and providing predictable, efficient operations. With updated systems throughout, a new owner will benefit from low utility costs, minimal deferred maintenance, and reduced repair risk, creating a true plug-and-play investment. Whether you are a seasoned investor looking to add a stabilized asset to your portfolio or an owner-occupant seeking to offset your housing costs with rental income, this property checks all the boxes. The combination of a full renovation, modern amenities, separate utilities, and strong rental demand makes this a rare opportunity in today’s market. Turn-key, low-maintenance, and built for cash flow, this is the kind of asset that performs well both now and long term. Add this exceptional property to your portfolio today. Great DSCR Loan Option.

Listing Details MLS# 7046526

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
3
Owner Occupied
Yes
Waterfront Present
No
Year Built
1919
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
5000
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.14
Lot Dimensions
123x50
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Hardwood Floors; Kitchen Window; Washer/Dryer Hookup Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Egress Windows; Full; Storage/Locker CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Fiber Board; Stucco Fencing: Privacy Flooring: Luxury Vinyl Tile; Wood Foundation: Combination; Concrete Perimeter Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lot Description: Tree Coverage - Light On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Lawn; Lawn; Maintenance/Repair; Management; Sewer; Snow Removal; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat; Hot Water; Telephone Topography: Level Wall Description: Drywall; Plaster Water: City Water/Connected Window Features: Blinds; Insulated Windows

Contract Information

Contingency
None
ListPrice
990000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3528
Street Name
Bloomington
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Bloomington Ave Add

Assessments

Tax With Assessments
13782
Assessment Balance
0

Building Information

Building Finished SqFt
5000
Building SqFt
6072

More Information

Income and Expenses

Annual Gross Income
117000
Annual Fuel Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
02
Township#
28

Sale Options

Sale Includes
Building, Leases

Unit 1

Unit Number
Yes
Monthly Rent
1770
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
6
Level
Main Level
Unit Total SqFt
1000
Leased?
Yes
Lease Expiration Date
2026-05-31
No. of 1 Bedroom Units
3

Unit 2

No. of 2 Bedroom Units
3
Full Baths
Yes
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
Main Level
Monthly Rent
1650
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
6
Unit Number
2
Unit Total SqFt
1000

Unit 3

Full Baths
Yes
Lease Expiration Date
2026-03-31
Leased?
Yes
Level
Main Level
Monthly Rent
1750
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
7
Unit Number
3
Unit Total SqFt
1000

Unit 4

Full Baths
Yes
Lease Expiration Date
2026-06-30
Leased?
Yes
Level
Main Level
Monthly Rent
1664
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
7
Unit Number
4
Unit Total SqFt
1000

Unit 5

Full Baths
Yes
Lease Expiration Date
2026-04-30
Leased?
Yes
Level
Main Level
Monthly Rent
1395
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
5
Unit Number
5
Unit Total SqFt
550

Unit 6

Full Baths
Yes
Lease Expiration Date
2026-04-30
Leased?
Yes
Level
Main Level
Monthly Rent
1495
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
6
Unit Number
6
Unit Total SqFt
625

Unit Details

Total Units
6

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
BLOCK 016 BLOOMINGTON AVE ADDN TO MPLS LOTS 3 AND 4
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
5034
Property ID Number
0202824420129
Tax Year
2026
Tax Amount
13782
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This beautifully updated multi-family property has been completely renovated from top to bottom, offering a rare combination of modern finishes, efficient systems, and low ongoing operating costs. Every unit has been thoughtfully redesigned to meet today’s tenant and owner-occupant expectations, making this an outstanding long-term investment. Each unit features brand-new kitchens with modern cabinetry, countertops, and appliances, along with fully renovated bathrooms finished with clean, contemporary materials. In-unit laundry has been added to every residence, a highly desirable amenity that increases rental appeal and reduces tenant turnover. Unlike many older multi-family properties, this building offers: *** separate forced-air furnaces and central air conditioning systems for each unit, allowing individual climate control and simplifying maintenance. ***Tenants are billed directly for their own gas and electric, significantly reducing owner expenses and providing predictable, efficient operations. With updated systems throughout, a new owner will benefit from low utility costs, minimal deferred maintenance, and reduced repair risk, creating a true plug-and-play investment. Whether you are a seasoned investor looking to add a stabilized asset to your portfolio or an owner-occupant seeking to offset your housing costs with rental income, this property checks all the boxes. The combination of a full renovation, modern amenities, separate utilities, and strong rental demand makes this a rare opportunity in today’s market. Turn-key, low-maintenance, and built for cash flow, this is the kind of asset that performs well both now and long term. Add this exceptional property to your portfolio today. Great DSCR Loan Option.
Directions
35W to 36th Street East to Bloomington Ave S (north) to property

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Hardwood Floors
Yes
Kitchen Window
Yes
Washer/Dryer Hookup
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Assumable Loan

Not Assumable
Yes

Basement

Egress Windows
Yes
Full
Yes
Storage/Locker
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Fiber Board
Yes
Stucco
Yes

Fencing

Privacy
Yes

Flooring

Luxury Vinyl Tile
Yes
Wood
Yes

Foundation

Combination
Yes
Concrete Perimeter
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lot Description

Tree Coverage - Light
Yes

Owner Pays

Lawn
Yes
Maintenance/Repair
Yes
Management
Yes
Sewer
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Topography

Level
Yes

Wall Description

Drywall
Yes
Plaster
Yes

Water

City Water/Connected
Yes

Window Features

Blinds
Yes
Insulated Windows
Yes

No. of Ranges

Six or More
Yes

No. of Refrigerators

Six or More
Yes

Tenant Pays

Broadband
Yes
Cable TV
Yes
Electricity
Yes
Gas
Yes
Heat
Yes
Hot Water
Yes
Telephone
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Listing Office: BuyRentSell.com, LLC
IDX
Last Updated: April - 22 - 2026
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.