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3021 Longfellow Avenue Minneapolis, MN $ 1,225,000
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$ 1,225,000 Get more info
3021 Longfellow Avenue
$ 1,225,000
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3021 Longfellow Avenue

Minneapolis, MN, 55407
$ 1,225,000
Bedrooms-- Baths-- Sq 5,040

Monthly Estimate*

$ 8,461

3021 Longfellow Avenue, Minneapolis, MN 55407 - Image 1
3021 Longfellow Avenue, Minneapolis, MN 55407 - Image 2
3021 Longfellow Avenue, Minneapolis, MN 55407 - Image 3
3021 Longfellow Avenue, Minneapolis, MN 55407 - Image 4

Commercial Property for sale in Minneapolis, MN

for $1,225,000. This 5,040 square foot building was built in 1962 on a lot size of 0.29.

12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.

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Commercial Active

Price

$ 1,225,000

Property Type

Commercial

Taxes

$ 7,578

Style

Lot Size

0.29

Year Built

1962

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7088925
Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Common Electric Separate Heating Common Hot Water Common
Garage Spaces 0
Year Built 1962
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 158400
Accessibility None
County Hennepin
Net Operating Income 97662
Operating Expense 54389
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Minnehaha Add
Directions From I-35W take the Lake Street exit and head east on Lake Street then turn right on Longfellow Avenue South and proceed to 3021 Longfellow Ave S on your right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 12
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 7578.28
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot Paved Lot
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Rental License
Lot Size Area 0.29
Building Area Total 5040
Lot Dimensions 100.00 X 125.00
Waterfront Y/N N
Foundation Area 1680
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Interior
Basement (Y/N) N
Fuel Electric Natural Gas
Garage Door Width 0
Garage Square Feet 0
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Internal Only
Street Number 1 3021
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* Excluded Features
List By
Commercial Investors Group Llc

Broker

mike@commercialinvestorsgroup.com

Email

Affordability Calculator

$9,092
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,461
Monthly Property Taxes
$632
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
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Pricing History
DatePricePrice ChangeDescription
6/8/2026$1,225,000 Listed Price

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3021 Longfellow Avenue, Minneapolis, MN, 55407 is a Commercial Property for sale at $1,225,000 with 5,040 sqft and a lot size of 0.29. 3021 Longfellow Avenue was built in 1962. The property's zip code is 55407 which is in Minneapolis, MN

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