3021 Longfellow Ave - Apartments FOR SALE


Minneapolis, MN 55407- Corcoran
$1,225,000 USD
763-706-7901
3021 Longfellow Ave, Minneapolis, MN for Sale
$1,225,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3021 Longfellow Ave
Minneapolis, MN 55407
Corcoran


HIGHLIGHTS

  • Located in the highly accessible Corcoran neighborhood of South Minneapolis.
  • Walking distance to neighborhood amenities and transit options for tenant convenience
  • Minutes from Augsburg College, Abbott Northwestern Hospital, and major employment hubs
  • Part of the Minneapolis 4D program ensuring reduced property taxes and energy savings

OVERVIEW

3021 Longfellow Avenue represents a compelling opportunity to acquire a 12-unit multifamily asset in one of South Minneapolis’s most consistently occupied submarkets. Situated in the Corcoran neighborhood, this two-story brick and stucco property benefits from a strong rental demand base supported by its proximity to key destinations, including Augsburg College, North Central University, and Abbott Northwestern Hospital. The building has undergone steady improvements over recent years, featuring updates such as newer electric panels, a new front concrete stoop, and multiple unit remodels.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

12

PRICE/UNIT

$102,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,415 SF

ZONING

R6

APN/PARCEL ID

01-028-24-22-0029

ASK ABOUT THIS PROPERTY

Forrest KalkCommercial Investors GroupMore Info
763-706-7901

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Forrest KalkCommercial Investors GroupMore Info
763-706-7901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.