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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$409,900

Est. payment - /mo

3 Beds

2 Baths

3,072 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 3,072 sqft

Price per Sqft $133

Subdivision Bloomington Park Add

MLS Listing ID 7087799

Bedrooms 3

Year Built 1954

Annual Tax Amount $7,125

Tax Year 2025

Contingent None

Lot Size 7,405 Sqft

Lot Dimensions 60 x 123 x 60 x 123

Property Sub-Type Duplex Side by Side

Property Description

South Minneapolis side-by-side duplex with immediate rental income, flexible occupancy, and strong house-hack potential. This one-level duplex features two separate units: the left unit is vacant and offers 2 bedrooms and 1 bathroom, while the right unit is occupied and offers 1 bedroom and 1 bathroom. The right-side tenant is currently paying $1,500/month on a month-to-month lease and would like to stay, giving the next owner immediate income with flexibility. The tenant is also paying their own utilities, and each unit has separate air conditioning, creating better comfort and separation between the two spaces. Inside, the property offers practical layouts with bright living areas, hardwood floors, neutral finishes, functional kitchens, gas ranges, clean bathroom finishes, basement laundry/storage, and useful lower-level space. The property also includes a 2-car detached garage in the back, providing added parking, storage, or potential additional rental value. For a house-hack buyer, this is a great setup: move into the vacant 2-bedroom unit and let the rental income from the occupied 1-bedroom unit help offset the monthly payment. For an investor, it offers existing income, simple unit separation, garage utility, and long-term rental upside in a central South Minneapolis location near neighborhood amenities, parks, major roads, and everyday conveniences. Whether you're looking to owner-occupy, build equity, or add a manageable income-producing property to your portfolio, 4240 Bloomington Ave offers flexibility, cash flow potential, and a smart path into multifamily ownership.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Finished, Full

Interior

Heating Forced Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Fence Chain Link

Pool None

Roof Type Age 8 Years or Less

Building

Lot Description Tree Coverage - Light

Story One

Foundation 1536

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Block

New Construction false

Schools

School District Minneapolis

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Listed by Charity Ashpole • National Realty Guild

Nearby School & Business

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Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

Featured Communities in Minnesota

4240 Bloomington AVE Minneapolis, MN 55407

Chad Pederson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information