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Triplex With Finished Lower Level
For Sale
$389,900

3724 Bloomington Ave, Minneapolis, MN 55407

Two upper apartments each offer three bedrooms and one bathroom, with additional finished space below.

Property Size3,600 SF
Price / SF$108.31
Days on Market89

Property Features for 3724 Bloomington Ave

General Information

Standard status Active
Size 3,600 SF
Property subtype Multi-Family
Zoning Duplex

Units

Unit Mix 2 x 3BR/1BA, 1 x 2BR
Multifamily Units 3

Building Details

Year Built 1912
Listing Agency: National Realty Guild
Listed By: Tracy Farkas
Source: Homesearchlive
Added: Jul 20 Changed: Oct 15 Last Checked: Oct 15 at 3:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of National Realty Guild

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Investment Insights

Based on property information with market context.

This 3,600-square-foot multifamily property was built in 1912 and is configured with two upper-level apartments, each offering three bedrooms and one bathroom. The finished lower level includes two bedrooms and a kitchen, creating additional residential space within the building. The property is zoned as a duplex, while the lower level provides a separate, apartment-style layout that should be evaluated with the City for compliance and permitted use.

Located at 3724 Bloomington Ave in Minneapolis, the property is Section 8 approved. The existing configuration combines two conventional three-bedroom apartments with a finished lower level, giving the building a distinct three-unit layout for review by prospective buyers and their advisors.

Key Highlights

  • 3,600 square feet of total property size
  • Two upper apartments, each with 3 bedrooms and 1 bathroom
  • Finished lower level includes 2 bedrooms and a kitchen

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Auto Parts Store Building Supply Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

846
Businesses Nearby

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two upper apartments each offer three bedrooms and one bathroom, with additional finished space below.
Where is this triplex located?
The property is located at 3724 Bloomington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 3,600 square feet of total property size; Two upper apartments, each with 3 bedrooms and 1 bathroom; Finished lower level includes 2 bedrooms and a kitchen
More about this property
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