3948 Oakland Avenue Minneapolis, MN $ 640,000
3948 Oakland Avenue
$ 640,000
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3948 Oakland Avenue

Minneapolis, MN, 55407
$ 640,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,420

3948 Oakland Avenue, Minneapolis, MN 55407 - Image 1

Commercial Property for sale in Minneapolis, MN

for $640,000. This building was built in 1920 on a lot size of 0.12.

3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.

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Commercial Active

Price

$ 640,000

Property Type

Commercial

Taxes

$ 2,310

Style

Lot Size

0.12

Year Built

1920

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6826530

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Separate
Garage Spaces 4
Year Built 1920
Tax Year 2025
Current Use Residential
Gross Income 80651
Accessibility None
County Hennepin
Net Operating Income 44302
Operating Expense 36349
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Abbotts & Sundbys Add
Directions Portland Ave to 39th east to Oakland
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 5
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2310
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Detached Garage
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.12
Lot Dimensions 43 x 118 x 43 x 118
Waterfront Y/N N
Foundation Area 5074
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Interior
Basement (Y/N) N
Fuel Natural Gas
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Internal Only
Street Number 1 3948
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* Excluded Features
List By
Mrg Realty Partners, Llc

Broker

david@mrgrealtypartners.com

Email

Affordability Calculator

$4,613
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,420
Monthly Property Taxes
$193
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
Pricing History
DatePricePrice ChangeDescription
1/2/2026$640,000 Listed Price

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3948 Oakland Avenue, Minneapolis, MN, 55407 is a Commercial Property for sale at $640,000 with a lot size of 0.12. 3948 Oakland Avenue was built in 1920. The property's zip code is 55407 which is in Minneapolis, MN