3548 Portland Avenue Minneapolis, MN 55407

$609,900
Active
estimated monthly payment
8 Beds  |  4 Baths  |  4,096 Sq Ft  |  Fourplex  |  MLS # 7079608
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About The Listing

Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5,790 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow. This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability. Don’t miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.


Listing courtesy of Grigoriy Gorshteyn, Algo Realty Inc
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1923
MLS #: 7079608
Bedrooms: 8
Square Feet: 4,096
Price Per Square Foot: $149
Garage Spaces: 0
Parking Description: Concrete
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Boiler
Basement: Daylight/Lookout Windows, Full, Unfinished
Foundation Type: Block
Days On Market (Continuous): 42
Disability Features: None
Latest Update: 05/27/2026
List Date: 05/22/2026
Listing Agent ID: 502045270
Listing Office: Algo Realty Inc
Listing Office ID: 40444
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Exterior Features: Stone
Lot Dimensions: 42x120
Lot Size: 0.12 Acres
School District: Minneapolis
Tax Year: 2025
Estimated Taxes: $9,502
Contingency Type: None
City: Minneapolis
Zip: 55407
County: Hennepin
Subdivision: Clinton Ave Add
State: MN

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Listing last updated: 05/27/26

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