3535 Irving Avenue S, Minneapolis, MN 55408
- Added:
- May 14, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 3535 Irving Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
- Parking features
- Garage - Detached
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Pending
- APN
- 0402824310137
- Size
- 4,165 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 16270
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1936
- Building materials
- Frame
- Roof type
- Asphalt, Shingle
Listing agent Andrew Mcmahon (651) 269-2004
Listing office Norton Realty, Inc 2150 Dodd Road, Mendota Heights, MN (651) 760-8370
Listing date May 14, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Tri‑plex with a non‑conforming lower‑level 4th unit; unit mix includes three 2BR units and one 1BR
- Year built 1936; exterior features brick/stone and stucco with frame construction
- New roof in 2024, plus updated electrical and plumbing
- Oil heating and an asphalt shingle roof
- Detached garage for parking
- Backyard patio and views of Bde Maka Ska; property is situated steps from Bde Maka Ska
Overview
The residence is located only steps from Bde Maka Ska, with views of the lake from the home. The listing also notes that the same owner has maintained the property for the last 42 years.
For tenants, the unit mix supports a range of household sizes, with multiple 2-bedroom layouts and an additional 1-bedroom option in the lower level. For owner-occupants, the configuration allows for living in one unit while generating additional rental income potential from the remaining units. For investors or buyers planning to operate it as a residential income property, the updated roof and systems reduce near-term maintenance concerns, while the combination of finished interior features and outdoor space supports a tenant-ready environment.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.5k | $22.20 |
| − Vacancy | −$5.5k | −$1.33 |
| EGI | $86.9k | $20.87 |
| − OpEx | −$26.1k | −$6.26 |
| NOI | $60.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.301834
- Latitude
- 44.938445
