ATTRACTIVE 21-UNIT IN THE HIGHLY SOUGHT AFTER WHITTIER PARK NEIGHBORHOOD OF MINNEAPOLIS, MINNESOTA. ALL BRICK AND STUCCO EXTERIOR BUILT IN 1966 WITH GREAT CURB APPEAL. THE UNIT MIX FEATURES TWO WELL APPOINTED 2-BEDROOMS, FIFTEEN LARGE 1-BEDROOMS, AND FOUR STUDIOS. MOST OF THE APARTMENTS HAVE BEEN RENOVATED INCLUDING NEWER KITCHENS, BATHROOMS, LVP FLOORING, LIGHTING FIXTURES, AND UPDATED APPLIANCE PACKAGES. PROPERTY HAS NEWER DOUBLE PANE VINYL REPLACEMENT WINDOWS, TWO ENERGY EFFICIENT HOT WATER BOILERS, AND NEWER COIN OPERATED LAUNDRY MACHINES. CLOSE PROXIMITY TO THE MINNEAPOLIS COLLEGE OF ART & DESIGN (MCAD), MPLS. INSTITUTE OF ARTS MUSEUM, AND DOWNTOWN.
Apartment with new roof & updated units blocks from Lake and Lyndale in Uptown. Appraised within the last three years for $2.4 million. Management in place willing to stay on during a 6 month transition period. 5 - 2 BR units and 7 - 1 BR units. Some furnished units. Seller has made significant improvements and investments to the property in the last several years. Near the lakes, the heart of Uptown, US Bank Stadium and the Convention Center, many shops & restaurants. Open layouts, updated kitchens and baths & new roof. Don’t miss this rare chance for an equity building investment with value add opportunity.
Tremendous opportunity for an owner/occupant to work from this blank slate! High visibility location on Hennepin Avenue!
CONTRACT FOR DEED AVAILABLE! Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated, fully occupied, six-unit building at 3029 Garfield offers modern, updated units with leases running through Summer of 2025. The unit mix consists of 1 x studio, and 5 x one-bedrooms. Tenants enjoy the convenience of mobile-friendly laundry and eight dedicated parking spaces. The property generates over $7,300/month, which includes revenue from rent, parking, pet fees, RUBs, and laundry. A turnkey investment in one of Minneapolis’s most popular rental areas—this is an income-producing property you won’t want to miss! The property can be purchased on a contract for deed with the following terms: 25+% down, 5.0% interest, interest-only monthly payments, on a seven-year term.
MOTIVATED SELLER - Encouraging Offers! Located in the heart of the Whittier neighborhood, this beautifully renovated 8-unit apartment presents an exceptional investment opportunity - featuring a unit mix of seven x one-bedroom units and one x studio, along with five parking stalls. With a mix of long-term tenants and fully furnished mid-term and short-term units, this property is already generating strong income, grossing north of $11,000 per month, representing an in-place cap rate of 7.81%! The property has undergone an extensive renovation, addressing everything from the exterior façade and landscaping to the common areas and in-unit upgrades. Each unit is tastefully updated, ensuring a modern living experience for all residents. Whether you're looking to expand your portfolio or seeking a solid investment in a vibrant Minneapolis neighborhood, 2700 Garfield Avenue South offers a rare blend of immediate income and long-term value appreciation. Don’t miss out on this well-maintained, high-performing asset in one of the city's most sought-after areas!
Expand your brand and grow your business in the bustling Uptown Neighborhood of Minneapolis. This location offers high visibility, high traffic counts, and lots of foot traffic giving your business maximum exposure to the public. The property has 1,000 square feet of main level retail space and 900 square feet of usable space in the basement. Can be combined with the next door space to double your footprint. To top it off, the building has dedicated parking in the rear. A tenant improvement allowance is available to qualified tenants willing to sign a longer term lease. Owner is an architect and offering space planning, and interior design services. Zoned CM1
Great investment deal! Three newly built townhomes in South Minneapolis, all units are rented out for a total monthly income of $8,600. Each unit boasts 3 bedroom, 3 bathroom, and a beautiful kitchen with granite countertops and stainless steel appliances. The primary bedroom features two walk-in closets with a convenient second level laundry room. A fully finished basement includes the third bedroom and full bathroom. 3 PID numbers, each townhome has own PID number.
Price Reduced - Fully leased with nearly an 8% Cap Rate! Several units were just renovated with new kitchens and baths. Bring all offers to this 7-Unit Multifamily Building For Sale near the Lakes in South Minneapolis! Renovated & huge 3+ bedroom, 1,300+ square foot units. Beautiful hardwood floors, 3 season porches, exposed brick & great natural light throughout. Rear room off the kitchen could be a 4th bedroom, dining room, or office. One legal and large garden level unit. Total building size of about 10,800 square feet. Tenants pay all utilities and each unit has new separately metered high efficiency gas boilers for hot water baseboard heat. 5 off-street parking stalls for additional income.
Location is King on this building. 1 block to Greenway, Lakes, Bus Station, Lunds and Dining. Quiet building on an easy to park 1 way street. 4 1150 sq ft identical units with original woodwork and leaded glass. Top unit is 1550 sq ft with own roof top deck - great for an owner occupied situation. Units are never vacant and always have multiple applications when they come available. This building has had a ton of work completed. It has been completely upgraded. 2005-2008 period. Back 2/3 of roof was flat. It was removed and rebuilt adding space to the 3rd floor. All 5 bathrooms replaced. Water upgraded to copper. Electric updated with new wiring, breakers, and meter for each unit. NO knob and tube. Brick work on outside completely replaced. The 3rd floor deck completely replaced (new flat roof on that 2018). 2020-2023 - 80% of windows replaced. All eves, trim and front columns stripped to wood and repainted. 2023 - New $30k roof. New $35k paint job on entire building.
Beautifully Maintained Stand-Alone Retail/Office/Live-Work building with great parking for up to 18 cars! Sale includes both 3040 Lyndale (corner building, 5 car lot, and 3 garages connected to building) + 3045 Aldrich (10 car lot). Generous CM3 building zoning with many retail, office, and residential/multifamily/Live-work uses permitted. Owner occupied by Top Shelf Apparel – building will be vacated at closing, possibility for a short term lease-back. Perfect for an Owner/User to occupy or Investor. These properties have been meticulously cared for both inside and outside. 4 floors totaling 7,600 SF with 2,200 SF in the basement, 1st, and 2nd floors and 1,000 SF on the 3rd floor. The 3 garage stalls are conveniently attached to the first floor to provide additional storage and parking. The basement is unfinished, but useable - currently used for alterations. Excellent location on the convenient corner of Lyndale and 31st in Lyn-Lake. Contract for Deed possible.
Landlord will want to see 2 years of financials for an existing business or a proof of funds.
The median home value in Minneapolis, MN is $294,200. This is lower than the county median home value of $342,800. The national median home value is $338,100. The average price of homes sold in Minneapolis, MN is $294,200. Approximately 45.07% of Minneapolis homes are owned, compared to 48.7% rented, while 6.23% are vacant. Minneapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Minneapolis real estate agent to arrange a tour today!
Minneapolis, Minnesota 55408 has a population of 425,091. Minneapolis 55408 is less family-centric than the surrounding county with 26.08% of the households containing married families with children. The county average for households married with children is 33.3%.
The median household income in Minneapolis, Minnesota 55408 is $70,099. The median household income for the surrounding county is $85,438 compared to the national median of $69,021. The median age of people living in Minneapolis 55408 is 32.7 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 31.9 inches per year, with 52.4 inches of snow per year.