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3021 Longfellow Avenue
Minneapolis, MN 55407

$1,225,000

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Listing Details

  • $1,225,000
  • MLS# 7088925
  • Type Commercial - Business
  • Status Active
  • 0.290 acres
    Lot Size
  • 1962
    Year Built
  • Minneapolis
    Local Schools

Listed By

Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780

Shown By

Agency Title: Town & Country Realty - Commercial Division
Agency Phone: 701-239-2250

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Home Value Estimate


Description

12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add...read more

Features

  • Heating: Boiler
  • Stories: 2.0
  • Taxes: $7,578
  • Water: City Water/Connected
  • Year Built: 1962