3548 Portland Ave, Minneapolis, MN, 55407
About This Home
Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5,790 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow. This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability. Don’t miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1923
Type & Style
- Home type: MultiFamily
- Property subType: Fourplex
Interior
Basement
- Has basement: Yes
- Basement: Daylight,Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Finished area below ground: 0
- Finished area above ground: 4,096
Heating
- Heating features: Boiler
Interior Area
- Total structure area: 4,096
- Total interior livable area: 4,096 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0302824410146
- Foundation area: 2048
Features
- Levels: Two
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 42 x 120
Parking
- Parking features: Concrete
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,881 | $34,572 |
| Home Insurance * | $389 | $4,668 |
| Property Taxes | $861 | $10,332 |
| Electricity | $345 | $4,145 |
| Total | $4,476 | $53,712 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-15 | Price change | $569,900 |
| 2026-05-22 | Listed for sale | $609,900 |
| 2025-10-26 | Listing removed | $609,900 |
| 2025-09-29 | Price change | $609,900 |
| 2025-09-13 | Listed for sale | $629,900 |
| 2023-12-07 | Sold | $540,000 |
| 2019-07-16 | Sold | $460,111 |
| 2019-06-14 | Listed for sale | $450,000 |
| 2013-03-01 | Sold | $300,000 |
| 2009-04-28 | Sold | $150,000 |
| 1997-03-13 | Sold | $95,900 |
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