Date
Details
Price
Change
Source
3/27/2026
Listed
$1,035,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$1,035,000
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1/25
Property Description
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
Full Property Details for 3125 3rd Ave S
General
- Price: $1,035,000
- Taxes: $17,308 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7043063
- Updated: 3/27/2026
- Added to Site: 8 day(s) ago
Interior
- Appliances: Range, Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 10
Bedrooms
- Total Bedrooms: 9
Additional Information
- Amenities: Hardwood Floors
Parking
- Parking Features: On-Street Parking Only
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
- Cooling Type: None
- Heating Type: Boiler
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate
Structural Information
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished, Full, Shared Access, Storage/Locker
- Foundation Size: 3150
- Roof: Age Over 8 Years
- Ceiling Height: 8-10
- Disability Access: None
- Square Feet: 9,450
- Finished Down/Base.: 9,450 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1929
Lot Features
- Lot Size (Acres): 0.13
- Lot Dimensions: 45 x 128
- Frontage: City Street
- Zoning: Residential-Multi-Family
- Lot Description: Light Tree Coverage
- Fencing (Description): Chain Link
Financial Considerations
- Tax Amount: $17,308
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LOT 012 BLOCK 003 THIRD AVE ADDN TO MPLS and PID #0302824110157
- Inclusions: Building, Land
- Property ID: 302824110158
Listed by AXEN Realty
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Listing agent
— 3125 3rd Ave S —
AXEN Realty
NMLS#: 1598647
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Schools
Schools serving 3125 3rd Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Lyndale Elementary School 312 West 34th Street, Minneapolis, MN 55408 | PK-5 | 0.6 mi |
Justice Page Middle School 1 West 49th Street, Minneapolis, MN 55419 | 6-8 | 2.3 mi |
Washburn Senior High School 201 West 49th Street, Minneapolis, MN 55419 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3125 3rd Ave S
Tax History
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
—
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
Estimate the Cost for 3125 3rd Ave S
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- Commercial
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
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- Updated 4 hours ago
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- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 1,194Sq. Ft.
Listed by Hawk Realty Company
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- Active
- Updated 1 day ago
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- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
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Listed by Epique Realty
- Duplex
- Active
- Updated 2 days ago
- 6Beds
- 4Total Baths
- 2,808Sq. Ft.
Listed by Excelsior Realty
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- Single Family
- Closed
- 5Beds
- 5Total Baths
- 7,648Sq. Ft.
Listed by Compass
Sold by Keller Williams Premier Realty Lake Minnetonka
Sold by Keller Williams Premier Realty Lake Minnetonka
- Commercial
- Closed
- 6,542Sq. Ft.
- 0.18Acres
Listed by Marcus & Millichap
Sold by Majid Mashad
Sold by Majid Mashad
- Commercial
- Closed
- 0.22Acres
Listed by Marcus & Millichap
Sold by Majid Mashad
Sold by Majid Mashad
- Single Family
- Closed
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,826Sq. Ft.
Listed by Bill Smitten
Sold by VIBE Realty
Sold by VIBE Realty
3125 3rd Avenue S, Minneapolis, MN 55408 (MLS# 7043063) is a Commercial property. 3125 3rd Avenue S is currently listed for $1,035,000 and was received on March 27, 2026. Want to learn more about 3125 3rd Avenue S? Do you have questions about finding other Commercial real estate for sale in Powderhorn? You can browse all Powderhorn real estate or contact a Coldwell Banker agent to request more information.