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2870 & 2876 & 2882 Humboldt Avenue S
Minneapolis, MN 55408

$1

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Listing Details

  • $1
  • MLS# 7107359
  • Type Commercial - Business
  • Status Active
  • 0.490 acres
    Lot Size
  • 1915
    Year Built
  • Minneapolis
    Local Schools

Listed By

Agency Name: RE/MAX Results
Agency Phone: 651-251-4800

Shown By

Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333

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Home Value Estimate


Description

* Sale Price: Negotiable* Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio* Located on a 0.49-acre site totaling approximately 21,344 sf* Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail* Longtime family-owned asset* 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom.* 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015)* Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies* Perfect 1031 Tax...read more

Features

  • Heating: Boiler
  • Taxes: $130,803
  • Water: City Water/Connected
  • Year Built: 1915

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