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Pete Rathjen, Broker
REALTOR®, - Broker, GRI
(651) 308-4550

3548 Portland Avenue , Minneapolis, MN 55407

New - 13 Hours Ago

20 Total Photos [Click to View All]

Listed By

Agency Name: Algo Realty Inc
Agency Phone: 612-433-4555

Shown By

Agent Name: Pete Rathjen, Broker
Agent Phone: (651) 308-4550
Agency Title: Counselor Realty

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Property Description

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.

3548 Portland Avenue | MLS# 7079608

This multi-family property located at 3548 Portland Avenue , Minneapolis, MN 55407 is currently listed for sale with an asking price of $609,900. Portland Avenue is located within the Minneapolis school district. Search Minneapolis real estate on prathjen.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Daylight/Lookout Windows, Full, Unfinished
Heating: Boiler
Lot Size: 0.12 Acres
Taxes: $9,502
Year Built: 1923

Feature Descriptions

Foundation Size: 2048
Lot Dimensions: 42x120
Parcel#: 0302824410146
Parking: Concrete
Sewer: City Sewer/Connected
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 4,215.86 per month $3,246.14 Principal & Interest $791.83 Property Tax $177.89 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/23/2026. The listing information on this page last changed on 05/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/23/2026 12:03:29 AM EST) or RMLS-MN MLS (last updated Fri 05/22/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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