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3226 Minnehaha Ave
Minneapolis, MN 55406

$1,320,000 USD

Apartments For Sale  •  7,560 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,560 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 5.53 %
  • Zoning R4
56 Transit Score
82 Walk Score

Highlights

RUBS implemented with Water, Sewer, and Trash
All 12 units pay their own electric utilities
Newer Pitched Roof
Ten off street parking spots in rear lot
Onsite Coin-Operated Washer & Dryer / Speed Queen Namebrand / Credit Card Readers

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $72,997 USD (2024)
Cap Rate: 5.53 %
Total Expenses: $52,447 USD

Amenities

  • Cable Ready
  • Ceiling Fans
  • Granite Countertops
  • Carpet
  • Double Pane Windows

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 10 min - 4.0 mi
St. Paul-Minneapolis (Empire Builder - Amtrak) 16 min - 8.2 mi
Transit/SubwayDriveWalkDistance
Lake Street/Midtown Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 2 min 11 min 0.6 mi
38Th Street Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 16 min - 7.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Research In Progress Research In Progress
Research In Progress Research In Progress