3609 E 42nd Street, Minneapolis, MN 55406
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 29, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 3609 E 42nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Driveway
- Exterior features
- Shakes
- Standard status
- Active
- APN
- 0702823310022
- Size
- 1,335 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4649
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing agent Hannah Dahlstrom (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date May 29, 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.
Overview
Located at 3609 E 42nd Street in Minneapolis’ Longfellow area, the property is described as just blocks from the Mississippi River and near neighborhood parks, trails, and local restaurants, with light rail access also noted.
The layout supports a variety of tenant and owner-occupant needs, with two distinct units and separate entry for the upper level. The combination of in-unit laundry, updated finishes, and the listed 2025 exterior and mechanical improvements should appeal to buyers seeking a maintained, move-in-ready duplex at the time of purchase.
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 | $26.4k | $19.80 |
| − Vacancy | −$1.7k | −$1.29 |
| EGI | $24.7k | $18.51 |
| − OpEx | −$7.4k | −$5.55 |
| NOI | $17.3k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.219788
- Latitude
- 44.926688
