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2541 3rd Ave S, Minneapolis, MN – $549,000

  • 6 Beds
  • 3 Baths
  • 3,260 Sqft
  • .14 Acres
  • 6 Beds
  • 3 Baths
  • 3,260 Sqft
  • .14 Acres

2541 3rd Ave S

This home is a large historic beauty and provides amazing cash flow for an investor or owner occupant! Two 3-Bedroom Units. Unit #2 is rented for $2,325 per month. Unit #1 is recently renovated and market rent is estimated at $2,700 per month for a combined total of $60,300 annual rental income! Hugely desirable rental area in the Whittier neighborhood being located directly across from the Minneapolis College of Art and Design (MCAD) and Minneapolis Institute of Art (MIA). Original floors, amazing woodwork, beautiful brick and large living spaces. New kitchen counters, cabinets and appliances. New windows, fresh paint, buffed floors – this house shines! Owner is agent. Buyers to verify all measurements.

Essential Information

  • MLS® #5317648
  • Price$549,000
  • Bedrooms6
  • Bathrooms3.00
  • Square Footage3,260
  • Acres0.14
  • Year Built1900
  • TypeMulti-Family
  • Sub-Type(MF) Other
  • Style(MF) Other
  • StatusActive

Community Information

  • Address2541 3rd Ave S
  • AreaWhittier
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55404


  • # of Garages2


  • HeatingForced Air


  • ExteriorBrick/Stone
  • ConstructionPreviously Owned
  • Foundation1740

School Information

  • District1 - Minneapolis

Additional Information

  • Date ListedOctober 3rd, 2019
  • Days on Market12

Listing Details

  • OfficeWits Realty
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Price Change History for 2541 3rd Ave S, Minneapolis, MN (MLS® #5317648)

Date Details Change
Price Reduced from $579,000 to $549,000 $30,000 (5.18%)

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Mortgage Information

Mortgage Summary

  • Monthly Payment $0.00
  • Monthly Home Owners Fee $0.00
  • Monthly Taxes $0.00
  • Private Mortgage Insurance $0.00
  • Total Monthly Payment $0.00

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Lakes | Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Lakes | Sotheby's International Realty is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Lakes | Sotheby's International Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Information deemed reliable but not guaranteed.

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Listing information last updated on October 15th, 2019 at 4:20pm CDT.

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