3853-55 PORTLAND Avenue S Minneapolis, MN
$ 325,000
Property Attributes
  • ML#5683678
  • TypePending
  • CountyHENNEPIN
  • CityMinneapolis
  • NeighborhoodBryant
  • Zip55407
  • StyleResidential Income
  • Year Built1889
  • Taxes3659
  • Price$ 325,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2394
Listing Provided Courtesy Of:
PRO Realty Services LLC
Property Description

Investment property currently cash flowing $30,500 yr. (9.1% GROSS CAP RATE) Also perfect for an owner-occupant. Updates: 2015 boiler, 2012 roof, 2007 windows, 2017 sewer main & 2020 water main. 3rd FLOOR EXPANSION OPPORTUNITY for instant equity! tenants paying all utilities, a seamless transition with the current professional management company ( 10 years) & long term stable tenants you cant go wrong. In the 1,300 sq ft main floor apartment you will find hardwood floors, huge windows, high ceilings, original pocket doors, full bath, living room, dining room & office. Upper apartment features over 1,000 sq ft with hardwood floors, spacious bedrooms, office & HUGE walk-in closet. BBQ in the backyard or lounge on the front porch on those warm summer evenings! No lack of storage with a 2-stall garage, off-street parking for those snowy Minnesota winters & convenient on-site SHARED laundry not coin operated.

Price History
11/10/2020 Listed $334,900
11/20/2020 3% - $325,000

General Features

Construction Materials Vinyl Siding
Contingency None
Heating Baseboard, Hot Water
High School District Minneapolis
New Construction No
Parking Features Detached
Property SubType Duplex Up and Down
Property Type Residential Income
Sewer City Sewer/Connected
Standard Status Pending
Total Units 2

Interior Features

Basement Partial
Fireplace Y/N No

Exterior Features

Lot Dimensions 43X117
Lot Size Units Acres
Water Source City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55407

AVG $300K
AVG $3,607
AVG 63
Year Built
AVG 1933
AVG 76
Data Provided by Walkscore ® not using MLS data

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