3412 Bloomington Avenue, Minneapolis, MN 55407
$1,700,000
Property Type:
Commercial
Square Footage:
17,400
Lot Size (sq. ft.):
12,632
Status:
Active
Current Price:
$1,700,000
List Date:
8/21/2026
Last Modified:
9/19/2026
Overview
Description
...
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Bloomington Square Apartments is located in the heart of South Minneapolis close to many shops, parks and employment. Built in 1962 this property features a total of 18-units with a mix of twelve 2bd, 1ba and six 1bd, 1ba along with a whole lower fourth level with four tuck under garages. There is plenty of extra storage and off-street parking. The exterior is maintenance free with brick and stucco and newer vinyl replacement windows. The building sits on 0.28 acres and is only a short block from the desirable Powderhorn Park. Onsite laundry and extra storage lockers. Fully leased and located in a non-rent controlled city of Minnesota.
PROPERTY FACTS
Year Built: 1962
Square Footage: 15,320
Units: 18
Zoning: Multiple-Dwelling
Parking: 4 Attached Garage Stalls w/ Openers Plus 16 Off-Street Parking Spots
Exterior: All Brick and Stucco Exterior
Heating: Gas Fired Forced Air Hot Water Boiler System
Air Conditioning: In the Wall Air Conditioning Units
Roof: Flat Roof - Newer in Age
UNIT DESCRIPTION
12 - Two Bedroom, One Bath - Approx. 800+ Sqft.
6 - One Bedroom, One Bath - Approx. 600+ Sqft
PROPERTY IMPROVEMENTS
Hallways and Common Areas Recently Painted
Newer Hot Water Heater
Newer Double-Hung Windows Throughout the Building
Listing Details MLS# 7131152
General Property Information
- Lot Measurement
- Acres
- Management Company Name
- Self Managed
- Multiple PIDs?
- No
- Other Parking Spaces
- 12
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1962
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Foundation Size
- 4350
- Garage Stalls
- 4
- For Sale or Lease
- For Sale
- Acres
- 0.29
- Lot Dimensions
- 100 x 123
- Assessment Pending
- Yes
Property Features
Accessible:
None
Air Conditioning:
Wall Unit(s)
Appliances:
Range; Refrigerator
Assumable Loan:
Yes w/No Qualifying
Basement:
Partial; Storage Space; Storage/Locker
CMU Style:
Apartments/Multi Family
Construction Materials:
Block; Frame
Construction Status:
Previously Owned
Current Use:
Residential
Exterior:
Brick/Stone; Stucco
Fencing:
None
Flooring:
Carpet; Tile; Vinyl/Linoleum
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Boiler; Hot Water
Loan Terms:
Assumable; Cash; Conventional
Lock Box Type:
None
Lot Description:
Tree Coverage - Light
On Site Utilities:
Electric Separate; Heating Common; Hot Water Common
Owner Pays:
Electricity; Fuel; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Security; Sewer; Taxes; Trash Collection; Water
Parking Characteristics:
Parking Lot; Tuckunder Garage
Pool Description:
None
Potential Use:
Income; Motel/Hotel
Rent Rate per Foot:
Per Month
Rental License Type:
Standard
Road Frontage:
City Street
Road Responsibility:
Public Maintained Road
Roof:
Age Over 8 Years; Flat
Sewer:
City Sewer/Connected
Stories:
Three Or More
Tenant Pays:
Broadband; Cable TV; Electricity
Topography:
Hilly
Wall Description:
Plaster
Water:
City Water/Connected
Window Features:
Double Pane Windows; Insulated Windows
Contract Information
- Contingency
- None
- ListPrice
- 1700000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 3412
- Street Name
- Bloomington
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55407
- Complex/Dev/Subdivision
- Bloomington Ave Add
Assessments
- Tax With Assessments
- 60839
Building Information
- Building Finished SqFt
- 13050
- Building SqFt
- 17400
- Ceiling Height
- 8-10
More Information
Income and Expenses
- Annual Caretaker Expense
- 15256
- Annual Electric Expense
- 1500
- Annual Fuel Expense
- 11220
- Annual Gross Expenses
- 107269
- Annual Gross Income
- 254274
- Annual Insurance Expense
- 12000
- Annual Maintenance Expense
- 13500
- Annual Net Income
- 147005
- Annual Trash Expense
- 3789
- Annual Water/Sewer Expense
- 4000
- Total Annual Expenses
- 107269
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 24
- Section#
- 02
- Township#
- 28
Sale Options
- Sale Includes
- Building, Land, Leases, Rental License
Unit 1
- No. of 1 Bedroom Units
- 6
Unit 2
- No. of 2 Bedroom Units
- 12
Unit Details
- Total Units
- 18
Listing Office:
Apartment Cash Flow, Inc.
Last Updated: September - 19 - 2026
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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.
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