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3606 E 34th St 6 Unit Apartment Building $750,000 ($125,000/Unit) Minneapolis, MN 55406
Investment Highlights
- Fully Renovated Six-Unit Apartment
- Value-Add Potential w/ Pet Rent, RUBs, etc.
- Directly Across from Longfellow Park
Executive Summary
3606 E. 34th Street is a well-located, fully renovated six-unit apartment building directly across from Longfellow Park. The property has been thoughtfully updated throughout, with renovated interiors that include modern kitchens and bathrooms, updated flooring and finishes, fresh paint, and cohesive lighting packages across all six units. The result is a clean, low-maintenance asset that appeals strongly to today’s renter profile! Five of the six units are currently occupied with average rents across those five units at $1,276/month. For investors looking to enhance returns, there remains clear upside through the implementation of pet fees, parking fees, and/or a RUBs program. With its turnkey condition, stable tenancy, and premier park-adjacent location in the Longfellow neighborhood, 3606 E. 34th Street offers a compelling blend of current income and future value-add potential for its next owner. Reach out today to schedule your private tour!
Property Facts
| Price | $750,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,250 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | OR1 | ||
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,250 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2023 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | OR1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,295 | - |
| 1+1 | 5 | $1,295 | - |
1 1
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 06-028-23-24-0229 | Improvements Assessment | $521,600 |
| Land Assessment | $88,400 | Total Assessment | $610,000 |
Property Taxes
Parcel Number
06-028-23-24-0229
Land Assessment
$88,400
Improvements Assessment
$521,600
Total Assessment
$610,000
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3606 E 34th St
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