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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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3500 1st Ave S , Minneapolis, MN 55408
$744,900
Est. Payment: $3,848.50/mo
9 Bed
4 Bath
4680 Sqft
Status: Active | Days on site: 97
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252067 - 506011955
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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. Ideal for investors seeking scale, operational efficiency, and long-term appreciation within the Minneapolis urban core. Public 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. The 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. Ideally 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. Additional 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. Perfect opportunity for investors seeking stable income and long-term appreciation or an owner-occupant looking to offset housing costs with substantial rental revenue.
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Highlights

Listed by David H Berglund , 651-283-6346 Summit Realty LLC , 612-708-2631. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1914

County

Hennepin

 Neighborhood

Shartles Add

 School District

Minneapolis

Listing ID

7075302

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
Above Ground Sq Ft:4680
Below Ground Sq Ft:0
Basement:Full
Water:City Water - In Street

Exterior Features

Lot:Public Transit (w/in 6 blks),Privacy,Wood
Lot Dimensions:47 x 126
Zoning:Residential-Multi-Family
Roof:Flat
Sewer:City Sewer/Connected
Parking Features:Detached Garage
Principal Interest
$3,849
Taxes
$977

Home Price

$744,900

Loan Details

30 yrs
6.708%

Down Payment

20%
$148,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,848.50

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,848.50 $976.50 $0.00 $4,825.00
Yearly $46,182.04 $11,718.00 $0.00 $57,900.04
Total $1,385,461.21 $351,540.00 $0.00 $1,737,001.21
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Will Provost
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The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T06:58:06.000Z

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