MN > Minneapolis > Williams Add
Minneapolis, MN 55407,3200 Bloomington AVE
Minneapolis, MN 55407,3200 Bloomington AVE
Minneapolis, MN 55407,3200 Bloomington AVE
26
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$675,000
$664,900 1.5%
Est. payment /mo
5,280 SqFt
Sold on 02/04/2025

3200 Bloomington AVE Minneapolis, MN 55407

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Team Steady
Team Steady

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Key Details

Sold Price $675,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,280 sqft

Price per Sqft $127

Subdivision Williams Add

MLS Listing ID 6596769

Year Built 1912

Annual Tax Amount $10,855

Tax Year 2024

Lot Size 4,791 Sqft

Property Sub-Type Quadruplex

Property Description

This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building.

Tenants pay their own Heat / Gas / Electric!

Lots of storage is available in the basement with a separate entrance in the back for convenient access.

Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.

Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.

The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Forced Air

Exterior

Parking Features None

Fence None

Roof Type Rubber

Building

Story Two

Foundation 2640

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Aluminum Siding,Brick/Stone

New Construction false

Schools

School District Minneapolis

Listed by Nathan Schammel • MRG Realty Partners, LLC

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Team Steady

+1(952) 607-7436

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3200 Bloomington AVE

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