3320 Fremont Avenue S Minneapolis, MN $ 1,390,000
3320 Fremont Avenue S
$ 1,390,000
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3320 Fremont Avenue S

Minneapolis, MN, 55408
$ 1,390,000
Baths0.0 Sq 8,436

Monthly Estimate*

$ 9,238

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Studio

Commercial Property for sale in Minneapolis, MN

for $1,390,000. This 8,436 square foot building was built in 1950 on a lot size of 0.24.

Twelve Unit Apartment Building (8 1-Bedroom and 4 Studios) well cared for by owner-managers for over 25 years. Quiet South Side of Uptown. Mostly residential, tree-lined, one-way street. Green space around the bldg, access control security bldg, 8 off-street pkg spaces. Rarely Vacant. Updated units, hardwood floors, (most) kitchens with granite countertops. Roof 2017. Boiler and water heater 2020. Wonderfully walkable "MPLS Lakes" and Uptown area, highly desired by renters; just a few short blocks to city parks, Greenway bicycle trails, Lakes Bde Maka Ska and Isles and Harriet, as well as restaurants, grocery shops. Brother-in-law is caretaker and could stay on.

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Commercial Active

Price

$ 1,390,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 23,594

Style

Apartment

Lot Size

0.24

Year Built

1950

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6546993

Features
General
Sewer City Sewer/Connected
Heating Baseboard Boiler Hot Water
Cooling None
Utilities Electric Separate Heating Common Hot Water Common
Roof Age 8 Years or Less Asphalt Pitched
Appliances Microwave Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone Stucco
Year Built 1950
Tenant Pays Cable TV Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 149760
Accessibility None
County Hennepin
Net Operating Income 104392
Operating Expense 45368
Insurance Expense 7172
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned Concrete Floors & Walls In-Ground Sprinkler System Other Patio Security
Contingency Inspection
Subdivision Name Remingtons 2nd Add
Directions Hennepin Ave. East on 34th St. North on Fremont (one-way) going North.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 12
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 23594
Electric Expense 924
Fuel Expense 5985
Trash Expense 2156
Water Sewer Expense 4267
Additional Parcels Y/N N
Days on Market 21
Standard Status Active
Lender Owned No
Amenities Unit Cable Hardwood Floors Intercom System Kitchen Window Local Area Network
Buyer Agent Compensation Type %
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Interior
Basement Block Crawl Space Egress Window(s) Partial Storage/Locker Storage Space Unfinished
Basement (Y/N) Y
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Exterior
Parking Features Paved Unassigned
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land Leases
Lot Size Area 0.24
Building Area Total 8436
Lot Dimensions 80x129
Foundation Area 4218
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3320
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* Excluded Features
List By
Homeavenue Inc

Broker

HomeAvenue3@gmail.com

Email

Affordability Calculator

$11,205
Per Month
82%
18%
0%
Monthly Principal & Interest
$9,238
Monthly Property Taxes
$1,966
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
Pricing History
DatePricePrice ChangeDescription
6/20/2024$1,390,000 -6.71% Price Down
6/3/2024$1,490,000 Listed Price

Map


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3320 Fremont Avenue S, Minneapolis, MN, 55408 is a Commercial Property for sale at $1,390,000 with 8,436 sqft and a lot size of 0.24. 3320 Fremont Avenue S is a studio with 0.0 baths and was built in 1950. The property's zip code is 55408 which is in Minneapolis, MN