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3311 Fremont Avenue N Minneapolis, MN $ 500,000
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$ 500,000 Get more info
3311 Fremont Avenue N
$ 500,000
Back to search
Share Save

3311 Fremont Avenue N

Minneapolis, MN, 55412
$ 500,000
Bedrooms6 Baths6.0 Sq 4,992

Monthly Estimate*

$ 3,453

3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 1
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 2
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 3
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 4
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 5
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 6
3311 Fremont Avenue N, Minneapolis, MN 55412 - Image 7

Commercial Property for sale in Minneapolis, MN

for $500,000 with 6 bedrooms and 6 full baths. This 4,992 square foot building was built in 1961 on a lot size of 0.145776.

Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!

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Commercial Pending

Price

$ 500,000

Bedrooms

6

Full Bath

6

Property Type

Commercial

Taxes

$ 8,043

Style

Lot Size

0.145776

Year Built

1961

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6783249
Features
General
Sewer City Sewer/Connected
Heating Boiler
Cooling Wall Unit(s)
Utilities Electric Separate Heating Common
Appliances Range Refrigerator
Garage Spaces 0
Pool Features None
Year Built 1961
Tenant Pays Electricity Gas
Levels Three Or More
Tax Year 2025
Current Use Residential
Gross Income 68881.01
Accessibility None
County Hennepin
Net Operating Income 48293.04
Operating Expense 20587.97
Insurance Expense 5279.22
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 1888.5
Possible Use Other
Directions Lowry Avenue North to Fremont Ave North. Go north 1 block to 3311 Fremont. Property is on the west side of the street
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 6
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 8043
Electric Expense 1078.1
Fuel Expense 5233.73
Water Sewer Expense 7807.85
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
Amenities Unit None
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Interior
Basement None
Basement (Y/N) N
Total Bedrooms 6
Total Baths 6
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Fencing None
Parking Features Open
Water Source City Water/Connected
Inclusions Building Rental License
Lot Size Area 6350
Building Area Total 4992
Lot Dimensions 50x127
Waterfront Y/N N
Foundation Area 1600
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3311
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* Excluded Features
List By
Edina Realty, Inc.

Broker

BobWuornos@edinarealty.com

Email

Affordability Calculator

$4,124
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,453
Monthly Property Taxes
$670
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/14/2025$500,000 -3.85% Price Down
9/12/2025$520,000 -3.70% Price Down
9/4/2025$540,000 Listed Price

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3311 Fremont Avenue N, Minneapolis, MN, 55412 is a Commercial Property for sale at $500,000 with 4,992 sqft and a lot size of 0.145776. 3311 Fremont Avenue N has 6 bedrooms, 6.0 baths, and was built in 1961. The property's zip code is 55412 which is in Minneapolis, MN

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