3412 Bloomington Avenue, Minneapolis, MN 55407 (MLS# 7131152)

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

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 ...

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
IDX
Listing Office: Apartment Cash Flow, Inc.
Last Updated: September - 19 - 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.