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$609,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 2 days ago
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Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5,790 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow. This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability. Don't miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.

Full Property Details for 3548 Portland Ave

General

  • Price: $609,900
  • Taxes: $9,502 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7079608
  • Updated: 5/24/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Clinton Ave Add
  • Neighborhood: 11
  • Driving Directions: Lake Street to Portland Av S, South to property

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Full, Unfinished
  • Foundation Size: 2048
  • Disability Access: None
  • Square Feet: 4,096
  • Above Ground: 4,096 Sq. Ft.
  • Finished Down/Base.: 4,096 Sq. Ft.
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 42 x 120

Financial Considerations

  • Operating Expenses: $6,000
  • Tax Amount: $9,502
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LOT 013 BLOCK 008 CLINTON AVENUE ADDN TO MPLS
  • Property ID: 302824410146

Listed by Algo Realty Inc

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— 3548 Portland Ave —

  • Algo Realty Inc

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NMLS#: 1598647

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

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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 3548 Portland Ave

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.8 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.8 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.8 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 3548 Portland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Listed
$609,900
12.94%
MLS
12/04/2023
Sold
$540,000
—
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 3548 Portland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,502
3%
$521,000
-10%
2023
$9,230
-1%
$577,000
—
2023
$9,284
—
$576,600
25%
2023
$9,284
25%
$462,000
10%
2020
$7,424
-7%
$420,000
-4%
2019
$7,959
17%
$438,500
18%
2018
$6,812
6%
$371,500
8%
2017
$6,447
-3%
$344,000
—
2016
$6,652
10%
$344,000
15%
2015
$6,068
7%
$299,000
15%
2014
$5,678
-3%
$260,000
11%
2013
$5,869
—
$234,500
—
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 Algo Realty Inc

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3548 Portland Avenue, Minneapolis, MN 55407 (MLS# 7079608) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 3548 Portland Avenue is currently listed for $609,900 and was received on May 22, 2026. Want to learn more about 3548 Portland Avenue? 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.

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