3001 3RD STREET

3001 3rd Street, Minneapolis, 55411, MN

FEATURES

DETAILS

Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however,

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: N/A

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: N/A

  • Basement Details: ,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: Wall Unit(s)

  • Garage Spaces: N/A

  • Construction Materials: N/A

  • Foundation Size: 3696ft²

  • Unit Amenities:

  • Heating System:

    • Boiler

LOT

  • Acres: N/A

  • Lot Size Dim.: 52x170

  • Longitude: 45.0109

  • Latitude: -93.2838

  • Zoning: Residential-Multi-Family

FINANCIAL & TAXES

  • Tax year: 2025

  • Tax annual amount: $7,682

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADDITIONAL INFORMATION

  • MLS#: NST7759270

  • Listing Brokerage: LPT Realty, LLC Agency Icon

ID: 3807446
Published: June 20, 2025
Last Update: June 20, 2025
Views: 13