3021 Longfellow AVE, Minneapolis, MN 55407
3021 Longfellow AVE, Minneapolis, MN 55407
3021 Longfellow AVE, Minneapolis, MN 55407
3021 Longfellow AVE, Minneapolis, MN 55407
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Jamie Novak

Jamie Novak

+1(952) 607-6963
$ 1,225,000
Est. payment | /mo

0.29 Acres Lot

Save
$ 1,225,000
Est. payment | /mo
Save

0.29 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Minnehaha Add

MLS Listing ID 7088925

Year Built 1962

Annual Tax Amount $7,578

Tax Year 2026

Contingent None

Lot Size 0.290 Acres

Lot Dimensions 100.00 X 125.00

Property 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 upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Rental License

Fireplace No

Exterior

Parking Features Parking Lot, Paved Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Story Two

Foundation 1680

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Mike Sowers • Commercial Investors Group LLC

NEARBY SCHOOLS & PROPERTIES

Jamie Novak

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 607-6963

jamie@mnpremierteam.com

7811 Great Plains Blvd, Chanhassen, MN, 55317, USA

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3021 Longfellow AVE