2818 31ST STREET
2818 31st Street, Minneapolis, 55406, MN
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Price: $699,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Longfellow
Bedrooms: 0
Property Size :0
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Listing Agent: NST1001847,NST229369
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Property type : Apartment
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Zip code: 55406
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Street: 2818 31st Street
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Street: 2818 31st Street
Bathrooms: N/A
Year: 1960
Listing Brokerage: Superior Property Management
FEATURES
- Range
- Refrigerator
DETAILS
Amazing value add opportunity awaits! Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and unit turns, leaving just the leasing left to do! Two long term tenants remain in the building giving you a stable base of reliable income to start. Four units freshly turned and renovated giving the new owner the opportunity to place new tenants at market rate. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but conservative estimates on rent with actual expenses have the building at a 7.6 cap, with aggressive rents hitting over a 9 cap. Schedule your showing today, and scoop up this cash flowing asset before its gone!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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- Range
- Refrigerator
EXTERIOR
Air Conditioning: Wall Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1960ft²
Unit Amenities:
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Heating System:
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- Baseboard
- Boiler
LOT
Acres: N/A
Lot Size Dim.: 60X70
Longitude: 44.947
Latitude: -93.2306
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $11,052
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7786363
Listing Brokerage: Superior Property Management
ID: 4030053
Published: August 22, 2025
Last Update: August 22, 2025
Views: 1
