Date
Details
Price
Change
Source
10/31/2025
Listed
$449,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
$449,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
Property Description
The investment opportunity you've been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors-ideal for attracting top-market rents while minimizing future repair costs. Owner occupant investors welcomed with lower unit lease ending 5/31! With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.
Full Property Details
Full Property Details for 3232 3rd Ave S
General
- Price: $449,000
- Taxes: $5,099 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 6807838
- Updated: 3/13/2026
- Added to Site: 155 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: Gravel
Location
- County: Hennepin
- Township: Minneapolis
- Neighborhood: 11
- Driving Directions: 35w to 31st, east to 3rd, south to property.
School Information
- School District: 558 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Boiler, Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation Size: 1280
- Roof: Asphalt, Rubber
- Disability Access: Stair Chair Lift
- Square Feet: 2,560
- Above Ground: 2,560 Sq. Ft.
- Finished Down/Base.: 2,560 Sq. Ft.
- Year Built: 1902
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 46 x 128
- Frontage: City Street
- Zoning: Residential-Multi-Family
- Fencing (Description): Chain Link, Privacy, Wood
Financial Considerations
- Tax Amount: $5,099.5
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash
- Owner Pays: Insurance, Repairs, Taxes
- Tenant Pays: Electricity, Fuel, Lawn Care, Snow Removal
- Pays Electric: Tenant Pays
Disclosures and Reports
- Legal Description: LOT 009 BLOCK 009 BAKERS 2ND ADDN TO MPLS
- Property ID: 302824130010
Listed by Keller Williams Classic Rlty NW
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 3232 3rd Ave S —
Keller Williams Classic Rlty NW
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 3232 3rd Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Lyndale Elementary School 312 West 34th Street, Minneapolis, MN 55408 | PK-5 | 0.5 mi |
Justice Page Middle School 1 West 49th Street, Minneapolis, MN 55419 | 6-8 | 2.1 mi |
Washburn Senior High School 201 West 49th Street, Minneapolis, MN 55419 | 9-12 | 2.2 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 3232 3rd Ave S
Tax History
Tax History for 3232 3rd Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,100
10%
$356,000
-1%
2023
$4,642
9%
$360,000
9%
2023
$4,268
—
$331,000
10%
2023
$4,268
9%
$301,000
12%
2020
$3,906
8%
$267,960
12%
2019
$3,615
7%
$240,165
18%
2018
$3,374
-2%
$204,195
4%
2017
$3,449
-14%
$196,020
-6%
2016
$3,989
24%
$208,010
24%
2015
$3,216
2%
$168,225
11%
2014
$3,142
-6%
$151,875
-6%
2013
$3,336
—
$161,685
—
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 3232 3rd Ave S
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Multi-Family
- Active
- 2Units
- 5Total Beds
Listed by RE/MAX Results
- Multi-Family
- Active
- 2Units
- 5Total Beds
Listed by Ashworth Real Estate
- Multi-Family
- Active
- 2Units
- 6Total Beds
Listed by Keller Williams Realty Integrity Lakes
- Multi-Family
- Active
- 2Units
- 4Total Beds
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 17 hours ago
- 4Beds
- 5Total Baths
- 2,453Sq. Ft.
Listed by Jessica Lowe (612) 296-4576
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 3,555Sq. Ft.
Listed by CityLine Realty
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,212Sq. Ft.
Listed by National Realty Guild
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,661Sq. Ft.
Listed by Bridge Realty, LLC
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 1,562Sq. Ft.
Listed by TC Pro CRE
- Condo
- Active
- Updated 5 days ago
- 2Beds
- 1Total Bath
- 866Sq. Ft.
Listed by Edina Realty, Inc.
- Townhouse
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
- 1,808Sq. Ft.
Listed by Christine Lips (952) 250-9148
- Single Family
- Active
- Updated 9 hours ago
- 3Beds
- 2Total Baths
- 1,303Sq. Ft.
Listed by Counselor Realty, Inc
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,745Sq. Ft.
Listed by Anderson Realty
Sold by Compass
Sold by Compass
- Single Family
- Closed
- Updated 8 days ago
- 5Beds
- 3Total Baths
- 2,370Sq. Ft.
Listed by Keller Williams Classic Realty
Sold by RE/MAX Results
Sold by RE/MAX Results
- Single Family
- Closed
- 4Beds
- 1Total Bath
- 1,408Sq. Ft.
Listed by Anne Madison
Sold by Lakes Area Realty
Sold by Lakes Area Realty
- Multi-Family
- Closed
- 2Units
- 6Total Beds
Listed by Compass
Sold by Michael Kaslow Team
Sold by Michael Kaslow Team
3232 3rd Avenue S, Minneapolis, MN 55408 (MLS# 6807838) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 3232 3rd Avenue S is currently listed for $449,000 and was received on October 28, 2025. Want to learn more about 3232 3rd Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.