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3720 Minnehaha Ave
Minneapolis, MN 55406
Multifamily Property For Sale
·
17 Units
Investment Highlights
- Comprehensive renovations include new roof, windows, common area upgrades, new parking lot, and over $40,000 per unit in interior improvements
- Desirable Unit Mix – Five 1BR and twelve 2BR units averaging 733 SF, catering to a broad tenant base
- Attractive Long-Term Hold – Low-maintenance investment in a well established residential area with limited competing product at this quality level
- Strong In-Place Yield – Average rents of $1,393 per unit with stabilized occupancy and minimal deferred maintenance
- Prime Neighborhood Location – Located in the vibrant Howe neighborhood, steps from local dining, coffee shops, parks, and public transit
Property Facts
| No. Units | 17 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 11,328 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.06/1,000 SF |
| Zoning | R5 - R5 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 11,328 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R5 - R5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 585 |
| 2+1 | 12 | - | 795 |
Property Taxes
| Parcel Number | 06-028-23-33-0135 | Improvements Assessment | $1,844,000 |
| Land Assessment | $192,000 | Total Assessment | $2,036,000 |
Property Taxes
Parcel Number
06-028-23-33-0135
Land Assessment
$192,000
Improvements Assessment
$1,844,000
Total Assessment
$2,036,000
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