Address
3329 2nd Avenue S Minneapolis, MN
Price
$ 660,000
Property Attributes
  • ID#5761236
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaBakers 2nd Add
  • NeighborhoodCentral
  • Zip55408
  • StyleApartment
  • Year Built1898
  • Taxes$ 7927
  • Price$ 660,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2708
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
RE/MAX Results
Data Source:
NorthstarMLS
Property Description

WILL NOW SELL INDIVIDUALLY, PREVIOUSLY LISTED AS PART OF PORTOFLIO SALE ONLY. Well maintained 5 unit in highly desirable South Minneapolis location. Unit breakdown: (1) 3 bed/2 bath, (3) 2 bed/1 bath, (1) studio/1bath. This property does have value-add potential with a framed-in loft apartment above the rear garage which is not currently being used/rented. Price of $660,000. NOI of $39,781.56. Cap Rate of 6.03%. Other properties available from this Seller: 4 unit building located at 3614 50th Ave N in Brooklyn Center & 2 Duplexes in North Minneapolis located next to one another at 2601 Colfax Ave N & 1014 26th Ave N, Minneapolis.

Price History
5/20/2021 Listed $660,000

General Features

Accessibility None
Appliances Dryer, Freezer, Microwave, Range, Refrigerator, Washer
Association Amenities Coin-op Laundry Owned, Porch
Basement Full
Construction Materials Vinyl Siding
Contingency None
Current Use Residential
Fuel Expense 2495
Garage Spaces 2
Heating Hot Water
High School District Minneapolis
Lender Owned No
Parking Features Detached, Gravel, Unassigned
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt
Sewer City Sewer/Connected
Standard Status Active
Tax Annual Amount 7927
Total Units 5
Water Sewer Expense 2922
Zoning Description Residential-Multi-Family

Exterior Features

Foundationarea 1104
Lot Dimensions 45x128x45x128
Lot Size Area 0.13
Lot Size Units Acres
Road Frontage Type City Street
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55408

Price
AVG $1.07M
$660K
Taxes
AVG $14,417
$7,927
Visits
AVG 22
6
Year Built
AVG 1904
1898
Walkscore
AVG 81
76
Data Provided by Walkscore ® not using MLS data