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$599,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • 4 Car Garage
  • Updated 3 days ago
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Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for! This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow. Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing. The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target - all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach. With one unit currently vacant, showings are easy to schedule with little notice - so don't wait!

Full Property Details for 3132 Minnehaha Ave

General

  • Price: $599,900
  • Taxes: $10,013 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7051738
  • Updated: 4/11/2026
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

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

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Exterior

  • Porch/Patio/Deck: Rear Porch

Parking

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

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Griswolds 3rd Add
  • Neighborhood: 44
  • Driving Directions: Minnehaha Ave South of Lake street.

School Information

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

Heating & Cooling

  • Heating Type: Hot Water, Radiator
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Full, Shared Access, Storage/Locker, Storage Space, Unfinished
  • Foundation Size: 4488
  • Roof: Flat
  • Disability Access: None
  • Square Feet: 4,488
  • Above Ground: 4,488 Sq. Ft.
  • Below Ground: 2,244 Sq. Ft.
  • Finished Down/Base.: 6,732 Sq. Ft.
  • Year Built: 1914

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Dimensions: 50 x 150
  • Frontage: City Street, County Road, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Residential-Multi-Family
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $10,013
  • Tax Year: 2025
  • Terms: Adj. Rate/Gr Payment, Conventional Rehab, Conventional, VA, Trade, FHA, FHA 203(k), Cash, MHFA/WHEDA, Special Funding

Disclosures and Reports

  • Legal Description: LOT 023 BLOCK 001 GRISWOLDS 3RD ADDN TO MPLS
  • Property ID: 102824120057

Listed by Frable Realty

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— 3132 Minnehaha Ave —

  • Frable Realty

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

Schools serving 3132 Minnehaha Ave

School District:Minneapolis Public School District
NameGradesDistance
Anishinabe Academy
3100 East 28th Street, Minneapolis, MN 55406
PK-50.6 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.4 mi
Dowling Elementary School
3900 West River Parkway, Minneapolis, MN 55406
K-51.7 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.6 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 3132 Minnehaha Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/11/2026
Listed
$599,900
79.07%
MLS
2/19/2014
Sold
$335,000
—
Public Record
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 3132 Minnehaha Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$26,682
-18%
$549,000
-5%
2023
$32,667
225%
$577,000
-3%
2023
$10,053
—
$592,900
3%
2023
$10,053
-9%
$575,000
-3%
2020
$11,023
8%
$592,500
12%
2019
$10,167
10%
$529,000
12%
2018
$9,242
5%
$472,500
8%
2017
$8,793
9%
$437,500
5%
2016
$8,053
18%
$416,500
24%
2015
$6,798
-11%
$335,000
-3%
2014
$7,647
6%
$345,000
5%
2013
$7,226
—
$329,000
—
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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Listed by Frable Realty

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3132 Minnehaha Avenue, Minneapolis, MN 55406 (MLS# 7051738) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 3132 Minnehaha Avenue is currently listed for $599,900 and was received on April 11, 2026. Want to learn more about 3132 Minnehaha Avenue? Do you have questions about finding other Multi-Family real estate for sale in Longfellow? You can browse all Longfellow real estate or contact a Coldwell Banker agent to request more information.

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