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Triplex with Finished Lower-Level Unit
For Sale
$389,900

3724 Bloomington Avenue, Minneapolis, MN 55407

MULTI_FAMILY - Minneapolis, MN

Property Size3,600 SF
Lot Size0.14 Acres
Price / SF$108.31
Days on Market106

Property Features for 3724 Bloomington Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential-Multi-Family
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 3
Parking features Open, Garage - Detached, Driveway
Exterior features Vinyl, Wood
Lot features Public Transit (w/in 6 blks), Tree Coverage - Light
High school district Minneapolis
Directions 38th St to Bloomington Ave to home.
Standard status Active
APN 0202824430193
Size 3,600 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5067

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1912
Roof type Shingle
Listing Agency: National Realty Guild
Listed By: Tracy Farkas
Added: May 1 Changed: Aug 12 Last Checked: Aug 14 at 11:06AM
MLS# 7065989

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.

Investment Insights

Based on property information with market context.

This triplex includes three units within one property, with a finished lower level that has two bedrooms and a kitchen. The two other units are 3-bedroom, 1-bath layouts. The home has vinyl and wood exterior finishes, a shingle roof, and hot water heating.

Zoned as a duplex, the finished lower level may function as an additional rentable third unit; prospective uses should be confirmed with the City of Minneapolis. Section 8 is approved for the property. Parking is available with a detached garage plus a driveway and open parking.

Built in 1912 and set on a 0.14-acre lot, the property totals 3,600 square feet. Located at 3724 Bloomington Avenue in Minneapolis, MN 55407, it offers a compact multi-unit configuration that can support day-to-day property operations under a single ownership.

Key Highlights

  • Finished lower level with two bedrooms and a kitchen
  • Zoned as a duplex with a third unit configuration
  • Section 8 approved

Property Analytics

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,099
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex on a 0.14-acre lot with a finished lower level featuring two bedrooms and a kitchen.
Where is this triplex located?
The property is located at 3724 Bloomington Avenue 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: Finished lower level with two bedrooms and a kitchen; Zoned as a duplex with a third unit configuration; Section 8 approved
More about this property
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