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$1,035,000

  • For Sale
  • Active
  • Commercial
  • 9,450 Sq. Ft.
  • 5,760 Acres
  • Updated 10 days ago
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Step into a rare investment opportunity with this well-cared-for 10-unit property, each offering a 1-bedroom, 1 bath layout designed for comfort and easy living. Tenants will appreciate the beautifully maintained building and shared laundry facilities. Included is the adjacent lot PID #0302824110157 which adds valuable flexibility-perfect for outdoor amenities, or future development. This property is move-in ready for its next owner and is ideal for a hands-off investor, or owner looking to expand their portfolio. Pride of ownership is evident throughout, making this a solid, reliable choice with lasting appeal.

Full Property Details for 3125 3rd Ave S

General

  • Price: $1,035,000
  • Taxes: $17,307 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6789742
  • Updated: 1/7/2026
  • Added to Site: 124 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Amenities: Hardwood Floors

Parking

  • Parking Features: None

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Third Ave Add
  • Neighborhood: 11
  • Driving Directions: 35W to E 31st Street to South on 3rd Ave South.

School Information

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

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Storage Space
  • Foundation Size: 3150
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 9,450
  • Finished Down/Base.: 9,450 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1929

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 5,760
  • Lot Dimensions: 45 x 128
  • Frontage: City Street
  • Zoning: Residential-Multi-Family, Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
  • Fencing (Description): Chain Link

Financial Considerations

  • Tax Amount: $17,307
  • Tax Year: 2025
  • Owner Pays: Grounds Care, Heat, Repairs, Management, Sewer
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Heat: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 012 BLOCK 003 THIRD AVE ADDN TO MPLS
  • Inclusions: Building, Leases, Rental License
  • Property ID: 302824110158

Listed by Kubes Realty Inc

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Listing agent

— 3125 3rd Ave S —

  • Kubes Realty Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3125 3rd Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.6 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-82.3 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-122.3 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 3125 3rd Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$1,035,000
-2.82%
MLS
12/09/2025
Price Reduced
$1,065,000
-2.74%
MLS
11/03/2025
Price Reduced
$1,095,000
-2.67%
MLS
9/16/2025
Listed
$1,125,000
—
MLS
Get Price Alerts and Save Property
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 3125 3rd Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,308
8%
$949,000
-5%
2023
$15,964
7%
$998,000
8%
2023
$14,876
—
$924,000
-5%
2023
$14,876
2%
$973,000
20%
2020
$14,589
9%
$811,000
12%
2019
$13,403
16%
$724,000
18%
2018
$11,520
14%
$613,500
18%
2017
$10,133
2%
$520,000
5%
2016
$9,973
8%
$495,000
10%
2015
$9,248
-7%
$450,000
—
2014
$9,951
6%
$450,000
6%
2013
$9,418
—
$423,000
—
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.

Estimate the Cost for 3125 3rd Ave S

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Kubes Realty Inc

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3125 3rd Avenue S, Minneapolis, MN 55408 (MLS# 6789742) is a Commercial property. 3125 3rd Avenue S is currently listed for $1,035,000 and was received on September 16, 2025. Want to learn more about 3125 3rd Avenue S? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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