Property for Sale in Minneapolis
2818 E 31st Street
Minneapolis, MN 55406

Price
$699,000

MLS #
6770334

Status
Active


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Property Details

Year Built
1960

Square Feet
5,050

Parking Features
Parking Lot

Zoning
Residential-Multi-Family

2025 Property Taxes
$11,052

School District
Minneapolis

County
Hennepin


Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!


Minnehaha to E 31st


Minnehaha to E 31st

Features


Utilities
Electric Separate,Heating Common,Hot Water Common

Cooling
Wall Unit(s)

Heating
Baseboard,Boiler

Sewer
City Sewer/Connected

Water
Public

Additional Info


Includes
Range,Refrigerator

Listed By
Michael Moe of Keller Williams Classic Rlty NW

Listed
08/14/25 and last updated 10/21/25

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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