Listed By
Agency Name: National Realty Guild
Agency Phone: 651-330-8001
Shown By
Agent Name: Jerry Lynn McManus
Agent Phone: (651) 208-4310
Agency Title: Counselor Realty
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 $1,500/month on a month-to-month lease and would like to stay, giving the next owner immediate income with flexibility. The tenant is also paying their own utilities, and each unit has separate air conditioning, creating better comfort and separation between the two spaces. Inside, the property offers practical layouts with bright living areas, hardwood floors, neutral finishes, functional kitchens, gas ranges, clean bathroom finishes, basement laundry/storage, and useful lower-level space. The property also includes a 2-car detached garage in the back, providing added parking, storage, or potential additional rental value. For a house-hack buyer, this is a great setup: move into the vacant 2-bedroom unit and let the rental income from the occupied 1-bedroom unit help offset the monthly payment. For an investor, it offers existing income, simple unit separation, garage utility, and long-term rental upside in a central South Minneapolis location near neighborhood amenities, parks, major roads, and everyday conveniences. Whether you're looking to owner-occupy, build equity, or add a manageable income-producing property to your portfolio, 4240 Bloomington Ave offers flexibility, cash flow potential, and a smart path into multifamily ownership.
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4240 Bloomington Avenue , Minneapolis, MN 55407
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$ 2,894.96 per month $2,181.66 Principal & Interest $593.75 Property Tax $119.55 Homeowner's InsuranceChange Payment Information
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4240 Bloomington Avenue , Minneapolis, MN 55407
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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4240 Bloomington Avenue | MLS# 7087799
This multi-family property located at 4240 Bloomington Avenue , Minneapolis, MN 55407 is currently listed for sale with an asking price of $409,900. Bloomington Avenue is located within the Minneapolis school district. Search Minneapolis real estate on jmcmanus.counselorrealty.com today.