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3724 Bloomington Ave, Minneapolis, MN, 55407

8beds
3baths
3,600sqft
$389,900
$108price/sqft
$2,965/moest. monthly cost
$118,600/yrincome needed

About This Home

3 Units for the Price of 2! This is Zoned a Duplex but has a Finished lower level with 2br's, Kitchen, etc!! Check with the City- but this could potentially be rented out as an Office, Day Care, Massage Therapist, etc.. You name it this Bonus LL 3rd unit will bring in revenue! The other two units are 3br/1ba! Hurry, this will sell fast! Seller collected $1800 mo each on the 2 -3br apartments! Section 8 approved. See Supplements for Common Q&A! Photos coming soon!

Getting Around

82
WalkingVery Walkable
49
TransitSome Transit
84
BikeVery Bikeable

Schools

6/10
--
Andersen CommunityGrades PK-81.3 mi
6/10
South Senior High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1912

Materials

  • Roof: Asphalt

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Basement,Lower Level

Basement

  • Has basement: Yes
  • Basement: Egress Window(s),Finished,Full,Other,Single Tenant Access

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3

Features

  • Finished area below ground: 1,216
  • Finished area above ground: 2,384

Heating

  • Heating features: Hot Water

Interior Area

  • Total structure area: 3,600
  • Total interior livable area: 3,600 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0202824430193
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1250

Features

  • Levels: Two
  • Patio & porch: Porch
  • Fencing: Full,Wood

Lot

  • Lot size: 6,098 sqft
  • Features: Near Public Transit,Tree Coverage - Light
  • Lot size dimensions: 50 x 123

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Gravel,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,971$23,652
Home Insurance *$266$3,192
Property Taxes $425$5,100
Electricity $303$3,643
Total$2,965$35,580
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,657/yr
40% on housing$88,950/yr
45% on housing$79,066/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$108This listing

vs Other Active Listings

Avg $/sqft

ZIP 55407$129
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55407$218
Hennepin County$207

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

DateEventPrice
2026-03-31Listing removed$389,999
2026-01-28Price change$389,999
2026-01-17Price change$394,999
2025-09-23Price change$399,999
2025-07-04Listed for sale$410,000
2025-06-30Listing removed$410,000
2025-05-08Listed for sale$410,000
2025-03-25Pending sale$410,000
2025-03-14Listed for sale$410,000
2023-08-22Listing removed--
2023-08-03Listed for sale$410,000
2023-07-11Pending sale$410,000
2023-06-20Price change$410,000
2023-05-18Listed for sale$420,000
2021-12-08Listing removed--
2021-03-11Sold$360,100
2021-02-12Pending sale$349,900
2021-01-26Listed for sale$349,900
2020-05-18Listing removed$1,500
2020-05-15Listed for rent$1,500
2007-06-27Sold$236,600
1997-12-22Sold$68,500
1996-01-17Sold$40,000

Coming Soon

AgentTracy Farkas
BrokerageNational Realty Guild

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