Minneapolis, MN 55407,3016 Portland AVE
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Minneapolis, MN 55407,3016 Portland AVE
Minneapolis, MN 55407,3016 Portland AVE
Minneapolis, MN 55407,3016 Portland AVE
Minneapolis, MN 55407,3016 Portland AVE

$487,000

Est. payment /mo

$475,000

2.5%
Est.Price: ?

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3016 Portland AVE Minneapolis, MN 55407

3,688 SqFt

SOLD DATE : 08/29/2019

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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Listed by Julie Trones • RE/MAX Results
agent

Malee Vang

Advisor | License ID: 40352180

+1(651) 332-4569

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