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3606 E 34th Street Minneapolis, MN $ 749,000
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$ 749,000 Get more info
3606 E 34th Street
$ 749,000
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Share Save

3606 E 34th Street

Minneapolis, MN, 55406
$ 749,000
Bedrooms-- Baths-- Sq 5,500

Monthly Estimate*

$ 5,173

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Commercial Property for sale in Minneapolis, MN

for $749,000. This 5,500 square foot building was built in 1963 on a lot size of 0.13.

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

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Commercial Active

Price

$ 749,000

Property Type

Commercial

Taxes

$ 10,988

Style

Lot Size

0.13

Year Built

1963

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7068138
Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water Zoned
Cooling Wall Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Roof Age Over 8 Years Flat
Appliances Dishwasher Range Refrigerator Stainless Steel Appliances
Garage Spaces 0
Construction Materials Block Brick
Year Built 1963
Tenant Pays Broadband Cable TV Electricity
Topography Level
Levels Three Or More
Tax Year 2026
Current Use Residential
Gross Income 94500
Accessibility None
County Hennepin
Net Operating Income 64791
Operating Expense 29708
Insurance Expense 6960
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 2400
Subdivision Name Auditors Sub 237
Possible Use Income
Directions Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 6
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 10988
Electric Expense 0
Fuel Expense 2040
Trash Expense 4560
Water Sewer Expense 2760
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Egress Window(s) Finished Full
Basement (Y/N) Y
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Fencing None
Parking Features Paved Lot
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.13
Building Area Total 5500
Lot Dimensions 74 x 75
Waterfront Y/N N
Foundation Area 1750
Road Frontage Type City Street Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3606
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

nopatz@apartmentcashflow.com

Email

Affordability Calculator

$6,089
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,173
Monthly Property Taxes
$916
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
10/1/2026$749,000 -0.13% Price Down
5/5/2026$750,000 Listed Price

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3606 E 34th Street, Minneapolis, MN, 55406 is a Commercial Property for sale at $749,000 with 5,500 sqft and a lot size of 0.13. 3606 E 34th Street was built in 1963. The property's zip code is 55406 which is in Minneapolis, MN

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