$487,000
$475,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3016 Portland AVE Minneapolis, MN 55407
3,688 SqFt
Key Details
Sold Price $487,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,688 sqft
Price per Sqft $132
Subdivision State Add
MLS Listing ID 5262538
Sold Date 08/29/19
Year Built 1916
Annual Tax Amount $6,190
Tax Year 2019
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 119x44
Property Sub-Type Triplex
Property Description
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!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Boiler, Hot Water
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 2.0
Fence Chain Link
Roof Type Age Over 8 Years,Asphalt
Building
Lot Description Tree Coverage - Light
Story One
Foundation 1484
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Stucco
New Construction false
Schools
School District Minneapolis
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