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Summit Realty LLC is the brokerage office representing the seller for this listing.
Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Mike Stanwood Realtor/GRI is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mike Stanwood Realtor/GRI, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Mike Stanwood Realtor/GRI is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mike Stanwood Realtor/GRI, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Nearby Listings in 10 Miles
{"Id":565854,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST7075302","MLSAGENTID":"NST506011955","MLSOFFICEID":"NST252067","ADDRESS":"3500 1st Avenue S","ACRES":0.14,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Full","BATHSTOTAL":4.0,"BEDROOMS":12.0,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":774900.0,"LASTPRICEDATE":"2026-06-01T21:16:09.843","LATITUDE":44.939391,"LENDEROWNED":"No","LISTDATE":"2026-06-01T05:00:00","LISTPRICE":774900.0,"LIVINGAREA":4680.0,"LONGITUDE":-93.276987,"LOTDESCRIPTION":"Public Transit (w/in 6 blks)","MODIFICATIONTIMESTAMP":"2026-06-01T21:16:09.844","NEIGHBORHOOD":"48","OFFICE_OFFICENAME":"Summit Realty LLC","PHOTOCOUNT":25,"POSTALCODE":"55408","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers.\n\n \n\nIdeal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core.\n\nPublic Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience.\n\nThe property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential.\n\nIdeally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location.\n\nAdditional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units.\n\nPerfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Flat","SCHOOLDISTRICTNUMBER":"1-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-06-01T21:16:09.843","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"1st","STREETNUMBER":"3500","STREETSUFFIX":"Avenue","STYLE":"Fourplex","TRANSACTIONTYPE":"For Sale","WATER":"City Water - In Street","WATERFRONTPRESENT":false,"YEARBUILT":1914,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-06-01T21:16:09.844","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25","SOURCE":"MG_NST"}
{"ListingKey":"NST7902746","NST_AboveGradeSqFtTotal":"4680","AboveGradeFinishedArea":"4680","AccessibilityFeatures":"None","AdditionalParcelsYN":"False","NST_AgentOwner":"No","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","AssociationAmenities":"Patio","Basement":"Full","BasementYN":"True","BathroomsTotalInteger":"4","BedroomsTotal":"12","NST_BelowGradeSqFtTotal":"2340","BelowGradeFinishedArea":"0","CumulativeDaysOnMarket":"0","City":"Minneapolis","NewConstructionYN":"False","Contingency":"None","NST_ForSaleOrLease":"For Sale","CountyOrParish":"Hennepin","Directions":"From 35W, exit 35/36 Streets, go W on 35th, SW corner of 35th and 1st","DocumentsCount":"1","DocumentsChangeTimestamp":"2026-06-01T21:16:09.844Z","DaysOnMarket":"0","Electric":"Circuit Breakers","ElectricExpense":"1000","ExteriorFeatures":"Stucco","Fencing":"Privacy,Wood","FoundationArea":"2340","FoundationDetails":"Stone","NST_FractionalOwnershipYN":"No","NST_Fuel":"Natural Gas","FuelExpense":"1200","NST_GarageSquareFeet":"740","GarageSpaces":"3","GrossIncome":"78540","Heating":"Boiler","HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","InsuranceExpense":"2000","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"True","InternetConsumerCommentYN":"True","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"44.939391","NST_LenderOwned":"No","Levels":"Two","ListPrice":"774900","ListingContractDate":"2026-06-01T05:00:00Z","ListingId":"NST7075302","LivingArea":"4680","Longitude":"-93.276987","LotFeatures":"Public Transit (w/in 6 blks)","LotSizeArea":"0.14","LotSizeDimensions":"47 x 126","LotSizeUnits":"Acres","NST_MainLevelFinishedArea":"2340","MaintenanceExpense":"2000","ManagerExpense":"1500","NST_RefrigeratorNum":"Four","NST_NeighborhoodName":"Lyndale","NST_NeighborhoodNumber":"48","NetOperatingIncome":"33864","NumberOfUnitsTotal":"4","OperatingExpense":"10200","OriginalEntryTimestamp":"2026-06-01T16:15:50Z","OtherExpense":"1000","NST_OwnerOccupied":"No","OwnerPays":"Insurance,Grounds Care,Repairs,Snow Removal,Taxes,Trash Collection","ParcelNumber":"0302824420124","ParkingFeatures":"Detached Garage","PhotosCount":"25","PhotosChangeTimestamp":"2026-06-01T21:16:09.844Z","PoolFeatures":"None","PostalCity":"Minneapolis","PostalCode":"55408","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertySubType":"Fourplex","PropertyType":"Residential Income","PublicRemarks":"Excellent opportunity to acquire a South Minneapolis multifamily portfolio with strong long-term upside potential in desirable urban neighborhoods. Properties offer a mix of stable cash flow, value-add opportunities, and proximity to transit, parks, restaurants, and major employment centers.\n\n \n\nIdeal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core.\n\nPublic Remarks: Exceptional investment opportunity in the heart of South Minneapolis! This well-maintained 4-plex at 3500 1st Ave S, Minneapolis, MN 55408 features four large 3-bedroom, 1-bath units with updated kitchens, stainless steel appliances, and separately metered utilities for streamlined management and tenant convenience.\n\nThe property generates strong rental income with average rents of approximately $1,600 per month per unit, plus additional garage income from the detached 3-car garage at $75 per stall monthly. Spacious layouts, functional floorplans, and consistent rental demand make this an attractive long-term hold with excellent cash-flow potential.\n\nIdeally located near transit, restaurants, parks, shopping, and major Minneapolis amenities, this property offers both convenience and strong tenant appeal in a highly sought-after urban location.\n\nAdditional upside potential through the City of Minneapolis 4D Affordable Housing Incentive Program, which allows a new owner to reduce property taxes by up to 40% annually by enrolling qualifying units.\n\nPerfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.","PublicSurveyRange":"24","PublicSurveySection":"03","PublicSurveyTownship":"28","RoadFrontageType":"City Street,Curbs,Paved Streets,Sidewalks","Roof":"Flat","NST_SchoolDistrictFullName":"1 - 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$MLSDESCRIPTION$
3500 1st Avenue S Minneapolis, MN 55408
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$STATUS$ | Contingent
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$MLSDESCRIPTION$
3500 1st Avenue S Minneapolis, MN 55408
$LISTPRICE$$HOTDATA$
$STATUS$ | Contingent
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