3432 Girard Avenue S, Minneapolis, MN 55408

Property Description

*Appraisal came in at $614,000* CASH FLOWING PROPERTY for owner occupied or having tenants. 2025 Unit 3432 - $1,990.00/month = $23,880.00/year. Unit 3434 - $2,250.00/month = $27,000.00/year. Studio - $500.00/month = $6,000.00/year. Total income: $56,880.00. Opportunity to own just steps from the shores of Lake Bde Maka Ska one of Minneapolis's most iconic and beloved destinations. Unit 3432 underwent a full remodel in 2023 (see supplements for complete list of updates), and a new roof was installed in 2025. Both units feature sizable lower-level storage and private decks. Coin-operated laundry adds another income stream. Unit 3434 Upper level featuring a third-story loft, and an open floor plan. Property is zoned for a triplex - could mean more additional income! Would need to talk to the city for requirements on making it a true triplex if you wish to do so. Basement level can have their entrance in the back and used as a studio. Main level two-year lease ended March 31, 2026; currently vacant and easy to show. Upper level one-year lease in place through July 31, 2026.