3317 1st Avenue S, Minneapolis, MN 55408 (MLS# 6431033)
$1,390,000
Minneapolis, MN 55408
MLS# 6431033
Status: Closed
11 beds | 11 baths
1 / 11
Property Description
Welcome to a prime investment opportunity in the heart of Minneapolis. This well-maintained multi-unit apartment building offers 11 spacious one-bedroom units, making it an attractive prospect for seasoned real estate investors looking to expand their portfolio. Each unit is thoughtfully designed, renovated, and offers comfortable living spaces, making them highly desirable for tenants seeking quality housing in a prime location. With its fully occupied status, professional management, and prime location, this multi-unit apartment building is a turnkey investment opportunity that should not be missed. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this property offers a reliable income stream and the potential for long-term appreciation.
Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2023-10-15
Current Price: 1300000
Closed Date: 2023-11-17
Sales Close Price: 1300000
Contingency: None
ListPrice: 1390000
List Date: 2023-09-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 9
Owner Occupied: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 11
Baths Total: 11
Foundation Size: 2170
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: 45x130
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 3317
Street Name: 1st
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Assessments
Tax With Assessments: 19651.68
Building Information
Building Finished SqFt: 6510
Income and Expenses
Annual Gross Income: 127500
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases
Unit 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 11
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned
Amenities Unit: Kitchen Window; Natural Woodwork
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Exterior: Stucco
Fencing: Chain Link; Partial
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Hot Water
Internet Options: Fiber Optic
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot; Public Transit (w/in 6 blks); Tree Coverage - Medium
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer - In Street
Stories: Three Or More
Tenant Pays: Broadband; Cable TV; Electricity
Wall Description: Drywall; Insulated
Water: City Water - In Street
Window Features: Double Pane Windows; Insulated Windows
Listing Office: BuyRentSell.com, LLC
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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