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$425,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 4 Total Beds
  • 4 Car Garage
  • Updated 3 hours ago
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Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb, or furnished rentals. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping and restaurants. There are 4 garages, and storages units, one for each apartment and laundry in the basement. The property is located less than 2 miles from 3 major hospitals, so marketing to traveling nurses is a huge opportunity. There is plenty of opportunity for additional income on this property, and there's the possibility to house hack, at this price, it won't last long.

Full Property Details for 3025 Park Ave

General

  • Price: $425,000
  • Taxes: $8,279 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7005444
  • Updated: Today (1/21/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Chicago Lake Park Add
  • Neighborhood: 11
  • Driving Directions: 35W to 31st St, head east to Park Ave, North to property on the right

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Concrete, Unfinished
  • Foundation Size: 1400
  • Disability Access: None
  • Square Feet: 2,800
  • Above Ground: 2,800 Sq. Ft.
  • Below Ground: 1,400 Sq. Ft.
  • Year Built: 1937

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 40 x 119
  • Frontage: City Street
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Operating Expenses: $7,050
  • Tax Amount: $8,279.58
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LOT 022 BLOCK 002 CHICAGO LAKE PARK ADDN TO MPLS
  • Property ID: 202824220031

Listed by RE/MAX Results

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— 3025 Park Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 3025 Park Ave

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-51 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-82.5 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-122.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3025 Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/21/2026
Listed
$425,000
-22.02%
MLS
5/19/2021
Sold
$545,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3025 Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,280
5%
$454,000
-8%
2023
$7,886
-1%
$493,000
—
2023
$7,931
—
$492,600
21%
2023
$7,931
21%
$408,000
10%
2020
$6,558
-3%
$371,000
—
2019
$6,734
17%
$371,000
18%
2018
$5,767
6%
$314,500
8%
2017
$5,455
-7%
$291,000
—
2016
$5,890
9%
$291,000
15%
2015
$5,402
6%
$253,000
15%
2014
$5,078
-1%
$220,000
—
2013
$5,110
—
$220,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3025 Park Avenue, Minneapolis, MN 55407 (MLS# 7005444) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 3025 Park Avenue is currently listed for $425,000 and was received on January 21, 2026. Want to learn more about 3025 Park Avenue? Do you have questions about finding other Multi-Family real estate for sale in Powderhorn? You can browse all Powderhorn real estate or contact a Coldwell Banker agent to request more information.

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