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3531 Harriet Avenue Minneapolis, MN $ 825,000
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$ 825,000 Get more info
3531 Harriet Avenue
$ 825,000
Back to search
Share Save

3531 Harriet Avenue

Minneapolis, MN, 55408
$ 825,000
Baths0.0 Sq 5,735

Monthly Estimate*

$ 5,763

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Studio

Commercial Property for sale in Minneapolis, MN

for $825,000. This 5,735 square foot building was built in 1926 on a lot size of 0.13.

Welcome to 3531 Harriet Avenue! This charming 5-plex multi-family property is in excellent condition for discerning investors. Recently upgraded with a new roof, boiler, and an efficient on-demand water heater in the last 6 years. The property features four 2-bedroom, 1-bathroom units; plus one 3-bedroom, 1-bath unit in the basement. 4 off-street parking spaces. Building is wired for fiber optic and cable - tenants pay own internet, cable, and electric. Coin-op laundry. All units are ready to rent as-is, with solid potential for future enhancements and equity. Located in the popular Lyndale neighborhood close to Bde Mka Ska, Lake Harriet, transit, shops and restaurants, this property presents an optimal investment opportunity.

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Commercial Pending

Price

$ 825,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 14,796

Style

Apartment

Lot Size

0.13

Year Built

1926

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6516889
Features
General
Sewer City Sewer/Connected
Heating Hot Water
Cooling Window Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Age 8 Years or Less Flat Other
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1926
Tenant Pays Cable TV Electricity Other
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 75600
Accessibility None
County Hennepin
Net Operating Income 60800
Operating Expense 14800
Insurance Expense 3000
Property Type Commercial Sale
Association Amenities Coin-op Laundry Leased
Contingency None
Subdivision Name Bakers Add
Directions Lyndale Ave S to E 36th St. North on Harriet Ave to home.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 5
Street Name Harriet
Land Lease Y/N N
Tax Annual Amount 14796
Electric Expense 550
Fuel Expense 4000
Trash Expense 4000
Water Sewer Expense 2750
Additional Parcels Y/N N
Days on Market 8
Standard Status Pending
Lender Owned No
Amenities Unit Hardwood Floors Natural Woodwork
Buyer Agent Compensation Type %
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Interior
Basement Daylight/Lookout Windows Finished Full Partially Finished Shared Access Storage/Locker
Basement (Y/N) Y
Street Suffix Avenue
Fuel Natural Gas
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Exterior
Parking Features Open
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.13
Building Area Total 5735
Lot Dimensions 45x129
Lot Size Units Acres
Foundation Area 2264
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3531
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* Excluded Features
List By
Lakes Sotheby's International Realty

Broker

leah.drury@lakesmn.com

Email

Affordability Calculator

$6,996
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,763
Monthly Property Taxes
$1,233
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2024$825,000 Listed Price

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3531 Harriet Avenue, Minneapolis, MN, 55408 is a Commercial Property for sale at $825,000 with 5,735 sqft and a lot size of 0.13. 3531 Harriet Avenue is a studio with 0.0 baths and was built in 1926. The property's zip code is 55408 which is in Minneapolis, MN

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