3125 3rd Avenue S, Minneapolis, MN 55408 (MLS# 7154253)

3125 3rd Avenue S, Minneapolis, MN 55408

New Listing

$895,000

Fenced in, Adjacent lot provides a welcoming place to relax and entertain.

Property Type: Commercial Bedrooms: 9 Baths: 10 Square Footage: 9,450 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $895,000 List Date: 10/02/2026 Last Modified: 10/02/2026

Overview

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.

Listing Details MLS# 7154253

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3150
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 45x128
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Coin-op Laundry Owned; Common Garden Amenities Unit: Hardwood Floors Appliances: Range; Refrigerator Basement: Full; Shared Access; Storage/Locker CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Fencing: Chain Link Flooring: Tile; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lot Description: Tree Coverage - Light On Site Utilities: Electric Separate Pool Description: None Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Three Or More Topography: Level Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 895000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3125
Street Name: 3rd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Third Ave Add

Additional Parcels Information

Property ID #2: 0302824110157

Assessments

Tax With Assessments: 17308

More Information

Building Information

Building Finished SqFt: 9450
Building SqFt: 9450
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 03
Township#: 28

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: Yes
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Level: 3rd Level
Unit Total SqFt: 765
Leased?: Yes
Lease Expiration Date: 2026-03-31
No. of 1 Bedroom Units: 9

Unit 10

Full Baths: Yes
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Total Bathrooms: Yes
Total Rooms: Yes
Unit Number: 10

Unit 2

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 2
Unit Total SqFt: 765

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 3
Unit Total SqFt: 765

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 5
Unit Total SqFt: 765

Unit 6

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 6

Unit 7

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 7
Unit Total SqFt: 765

Unit 8

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 8
Unit Total SqFt: 765

Unit 9

Full Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 9
Unit Total SqFt: 765

Unit Details

Total Units: 10

Unit Information

No. of Efficiency Units: Yes

Listing Office: AXEN Realty

Last Updated: October - 02 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

3125 3rd Avenue S, Minneapolis, MN 55408 (MLS# 7154253)