Minneapolis, MN 55411 3001 N 3rd Street
$974,900
55 more
Presented By: LPT Realty, LLC
SQFT • 7,392
Home Details
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however,
Presented By: LPT Realty, LLC
Interior Features for 3001 N 3rd Street
Other Interior Features
Basement (Y/N)Yes
FuelNatural Gas
General for 3001 N 3rd Street
AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
Association AmenitiesCoin-op Laundry Leased
CityMinneapolis
Construction MaterialsStucco
ContingencyOther
CoolingWall Unit(s)
CountyHennepin
Current UseResidential
Directions94 north to N 26th Ave, North on N 3rd St, property will be on your left
Garage Spaces
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
Number Of Units Total8
OwnerPaysGrounds Care, Sewer, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMorrisons Add To North
Tax Annual Amount7682
Tax Year2025
Tenant PaysElectricity
UtilitiesElectric Separate, Hot Water Common
Year Built1963
Zoning DescriptionResidential-Multi-Family
Exterior for 3001 N 3rd Street
Building Area Total7392
Foundation Area3696
InclusionsBuilding, Land, Rental License
Lot Dimensions52x170
Lot Size Area0.21
Parking FeaturesAssigned, Paved
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent