Property for Sale in Minneapolis
3021 Longfellow Avenue
Minneapolis, MN 55407
Property Details
Year Built
1962
Square Feet
5,040
Parking Features
Parking Lot,Paved Lot
Zoning
Residential-Multi-Family
2026 Property Taxes
$7,578
School District
Minneapolis
County
Hennepin
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.
From I-35W, take the Lake Street exit and head east on Lake Street, then turn right on Longfellow Avenue South and proceed to 3021 Longfellow Ave S on your right.
Features
Utilities
Electric Common,Electric Separate,Heating Common,Hot Water Common
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Foundation
Block
Additional Info
Listed By
Mike Sowers of Commercial Investors Group LLC
Listed
06/08/26 and last updated 06/08/26
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.
