3620 3rd Avenue S, Minneapolis, MN 55409 (MLS# 7123917)

3620 3rd Avenue S, Minneapolis, MN 55409

New Listing

$520,000

Property Type: Multi-Family Bedrooms: 11 Baths: 6 Square Footage: 5,121 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $520,000 List Date: 8/20/2026 Last Modified: 8/21/2026

Overview

Description

Don't miss the opportunity to make this income-producing rental property yours, featuring quality updates throughout and a stable tenant base. Property Upgrades & Features include: New exterior window frames on the 1st floor (2026). Lower level finished with a kitchenette, 3/4 bath, bedroom with egress window, and an additional office room (2024). 3rd floor dual-split HVAC system and new carpeting installed (2023). New 3rd floor skylight (2023). 2nd floor hardwood floors installed (2018). Full roof replacement, both asphalt and rubber (2017). Pella windows installed on the 1st and 2nd floors (2016). 3rd floor full remodel with Pella windows (2012). 2nd floor bathroom remodel (2012). 1st floor full remodel and new exterior doors (2011). Exterior amenities include a fenced backyard, storage shed, and garden beds and plenty of street parking. Close to shopping, restaurants, public transportation, etc.

Listing Details MLS# 7123917

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1229
Above Ground SqFt: 3724
Below Grd Total SqFt: 1397
Total SqFt: 5121
Foundation Size: 1397
Style: (MF) Four Plex
Total Finished Sqft: 4863.00
Power Company: Xcel Energy
Lot Dimensions: 39x129
Acres: 0.12
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Patio; Porch Assumable Loan: Not Assumable Basement: Egress Windows; Full; Kitchenette; Single Tenant Access Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: FHA Exterior: Brick/Stone; Stucco Fencing: Chain Link Foundation: Brick/Mortar; Stone Fuel: Natural Gas Heating: Boiler Internet Options: Cable Laundry: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Lock Box Type: Supra Lot Description: Irregular Lot; Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Fuel; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Sidewalks; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Architectural Shingle Sellers Terms: Cash; Conventional; Conventional Rehab; FHA; Special Funding Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity Unit 1 Amenities: Cable; Ceiling Fan(s); French Doors; Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors; Porch; Tile Floors Unit 1 Appliances: Dishwasher; Exhaust Fan/Hood; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor 3/4 Bath; Walk-In Shower Stall Unit 1 Cooling: Window Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Family Room Characteristics: Main Level Unit 1 Fireplace Char: Living Room; Wood Burning Unit 1 Special Search: Renovated; All Living Fac. on One Level Unit 2 Amenities: Ceiling Fan(s); Hardwood Floors; Sun Room; Tile Floors Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath; Walk Thru Unit 2 Cooling: Window Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 2 Family Room Characteristics: Family Room Unit 2 Fireplace Char: Living Room; Wood Burning Unit 2 Special Search: Renovated Unit 3 Amenities: Skylight; Washer/Dryer Hookup Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Bath Description: 3/4 Primary; Walk-In Shower Stall Unit 3 Cooling: Ductless Mini-Split Unit 3 Dining Room Description: Breakfast Bar Unit 3 Special Search: Renovated Unit 4 Amenities: Cable; Ceiling Fan(s); French Doors; Hardwood Floors; Kitchen Window; Natural Woodwork; Paneled Doors; Porch; Tile Floors Unit 4 Appliances: Dishwasher; Exhaust Fan/Hood; Microwave; Range; Refrigerator Unit 4 Bath Description: Main Floor 3/4 Bath; Walk-In Shower Stall Unit 4 Cooling: Window Unit 4 Dining Room Description: Separate/Formal Dining Rm Unit 4 Family Room Characteristics: Main Level Unit 4 Fireplace Char: Living Room; Wood Burning Unit 4 Special Search: Renovated; All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 520000
ListPrice: 520000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3620
Street Name: 3rd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55409

Building Information

Finished SqFt Above Ground: 3734
Finished SqFt Below Ground: 1129

Income and Expenses

Annual Electric Expense: 4500
Annual Fuel Expense: 6800
Annual Gross Expenses: 19420
Annual Gross Income: 72000
Annual Insurance Expense: 5400
Annual Maintenance Expense: 2500
Annual Net Income: 52580
Annual Repair Expense: 1500
Annual Water/Sewer Expense: 5520
Annual Caretaker Expense: 0
Annual Trash Expense: 0
Total Annual Expenses: 0

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Lease Expiration Date: 2024-09-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
3/4 Baths: Yes
Annual Rent: 21600
Finished SqFt: 1397
Full Baths: Yes
Monthly Rent: 1800
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 2
# of Fireplaces: Yes
Annual Rent: 20400
Finished SqFt: 1412
Full Baths: Yes
Monthly Rent: 1700
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 8

Unit 3

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 3rd Level
Unit Number: 3
3/4 Baths: Yes
Annual Rent: 15600
Finished SqFt: 1093
Monthly Rent: 1300
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 4

Furnished?: No
Lease Expiration Date: 2024-09-30
Leased?: Yes
Level: Main Level
Unit Number: 4
# of Fireplaces: Yes
3/4 Baths: Yes
Annual Rent: 21600
Finished SqFt: 1397
Full Baths: Yes
Monthly Rent: 1800
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 006 MITCHELL WHITE & VOGTS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 0302824430166
Tax Year: 2026
Tax Amount: 8347
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Don't miss the opportunity to make this income-producing rental property yours, featuring quality updates throughout and a stable tenant base. Property Upgrades & Features include: New exterior window frames on the 1st floor (2026). Lower level finished with a kitchenette, 3/4 bath, bedroom with egress window, and an additional office room (2024). 3rd floor dual-split HVAC system and new carpeting installed (2023). New 3rd floor skylight (2023). 2nd floor hardwood floors installed (2018). Full roof replacement, both asphalt and rubber (2017). Pella windows installed on the 1st and 2nd floors (2016). 3rd floor full remodel with Pella windows (2012). 2nd floor bathroom remodel (2012). 1st floor full remodel and new exterior doors (2011). Exterior amenities include a fenced backyard, storage shed, and garden beds and plenty of street parking. Close to shopping, restaurants, public transportation, etc.
Directions: 35W to 35th/36th St exit. East on 36th to 3rd. South on third to property on right.

Accessible

None: Yes

Amenities Shared

Patio: Yes
Porch: Yes

Assessments

Assessment Balance: 0
Tax With Assessments: 0

Assumable Loan

Not Assumable: Yes

Basement

Egress Windows: Yes
Full: Yes
Kitchenette: Yes
Single Tenant Access: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

FHA: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Fencing

Chain Link: Yes

Foundation

Brick/Mortar: Yes
Stone: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Internet Options

Cable: Yes

Laundry

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
Washer Hookup: Yes

Lock Box Type

Supra: Yes

Lot Description

Irregular Lot: Yes
Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Fuel: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes
Patio: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Sidewalks: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Architectural Shingle: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
Conventional Rehab: Yes
FHA: Yes
Special Funding: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Unit 1 Amenities

Cable: Yes
Ceiling Fan(s): Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Porch: Yes
Tile Floors: Yes

Unit 1 Appliances

Dishwasher: Yes
Exhaust Fan/Hood: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor 3/4 Bath: Yes
Walk-In Shower Stall: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 1 Fireplace Char

Living Room: Yes
Wood Burning: Yes

Unit 1 Special Search

Renovated: Yes
All Living Fac. on One Level: Yes

Unit 2 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 2 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes
Walk Thru: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Family Room Characteristics

Family Room: Yes

Unit 2 Fireplace Char

Living Room: Yes
Wood Burning: Yes

Unit 2 Special Search

Renovated: Yes

Unit 3 Amenities

Skylight: Yes
Washer/Dryer Hookup: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

3/4 Primary: Yes
Walk-In Shower Stall: Yes

Unit 3 Cooling

Ductless Mini-Split: Yes

Unit 3 Dining Room Description

Breakfast Bar: Yes

Unit 3 Special Search

Renovated: Yes

Unit 4 Amenities

Cable: Yes
Ceiling Fan(s): Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Porch: Yes
Tile Floors: Yes

Unit 4 Appliances

Dishwasher: Yes
Exhaust Fan/Hood: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Main Floor 3/4 Bath: Yes
Walk-In Shower Stall: Yes

Unit 4 Cooling

Window: Yes

Unit 4 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 4 Family Room Characteristics

Main Level: Yes

Unit 4 Fireplace Char

Living Room: Yes
Wood Burning: Yes

Unit 4 Special Search

Renovated: Yes
All Living Fac. on One Level: Yes

Documents

3620_3rd_Avenue_South_1st floor.pdf ›

3620_3rd -second floor.pdf ›

3620_3rd_Avenue-3rd floor.pdf ›

3620_3rd_AvenueS- Lower level.pdf ›

Listing Office: Coldwell Banker Realty - Southwest Regional

Last Updated: August - 21 - 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.