Minneapolis, MN 55406 2916 38th Avenue S

Pending
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Presented By: Coldwell Banker Realty - Lakes
  • MLS# 7029389
  • 03/03/2026
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 3
  • SQFT • 3,009
  • Garage • 3

Home Details

Beautifully cared for and full of character, this Longfellow triplex is an exceptional opportunity for both owner-occupants and investors. The first and second units each offer 2 bedrooms and 1 full bath, complemented by hardwood floors, relaxing sunrooms, rich woodwork, and classic built-in buffets. The third-floor unit features 1 bedroom and 1 full bath, hardwood floors, an updated kitchen, and a cozy electric fireplace. A detached 3-car garage with individual doors enhances functionality and rental value. The property also includes a welcoming fenced backyard with patio area, and an expansive basement with ample storage, a newer premium, on-demand water heater and new boiler, and shared laundry facilities. All new insulated glass storms on wood finished windows and many new Andersen double-hung windows. Ideally situated near the river, miles of trails, local dining and shopping, and several colleges, this triplex blends convenience, charm, and long-term potential.
Presented By: Coldwell Banker Realty - Lakes

Interior Features for 2916 38th Avenue S

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3009
BasementFull, Storage Space, Sump Pump, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
Garage Square Feet600
Laundry FeaturesIn Basement, Gas Dryer Hookup, Sink, Washer Hookup

General for 2916 38th Avenue S

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Patio
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsLake St (west of the river) to south on 38th Ave to property.
ElectricCircuit Breakers, 100 Amp Service
Electric Expense1250
Fuel Expense2700
Garage Spaces3
Gross Income50100
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense4210
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3009
Lot Size UnitsAcres
MaintenanceExpense200
Net Operating Income38317
New ConstructionNo
Number Of Units Total3
Operating Expense11783
OwnerPaysElectricity, Gas, Heat, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameNesbitts Add
Tax Annual Amount7247
Tax Year2026
Tenant PaysCable TV, Electricity
Trash Expense0
Virtual TourClick here
Water Sewer Expense2301
Year Built1916
Zoning DescriptionResidential-Multi-Family

Exterior for 2916 38th Avenue S

Building Area Total3009
FencingChain Link, Full
Foundation Area1008
Lot Dimensions40x128
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0.12
Parking FeaturesAssigned, Detached Garage, Asphalt, Electric
Road Frontage TypeCity Street, Paved Streets, Sidewalks, Storm Sewer
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $509,900
MLS#7029389
List Date 03/03/2026
Property Type Pending
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Request Info
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