3320 Fremont Avenue S, Minneapolis, MN 55408 (MLS# 6546993)
$1,390,000
Minneapolis, MN 55408
MLS# 6546993
Status: Closed
8 beds | 12 baths
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Property Description
Twelve Unit Apartment Building (8 1-Bedroom and 4 Studios) well cared for by owner-managers for over 25 years. Quiet South Side of Uptown. Mostly residential, tree-lined, one-way street. Green space around the bldg, access control security bldg, 8 off-street pkg spaces. Rarely Vacant. Updated units, hardwood floors, (most) kitchens with granite countertops. Roof 2017. Boiler and water heater 2020. Wonderfully walkable "MPLS Lakes" and Uptown area, highly desired by renters; just a few short blocks to city parks, Greenway bicycle trails, Lakes Bde Maka Ska and Isles and Harriet, as well as restaurants, grocery shops. Brother-in-law is caretaker and could stay on.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2024-07-02
Current Price: 1225000
Closed Date: 2024-08-22
Sales Close Price: 1225000
Contingency: None
ListPrice: 1390000
List Date: 2024-06-03
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 12
Foundation Size: 4218
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.24
Lot Dimensions: 80x129
Location Tax and Other Information
House Number: 3320
Street Name: Fremont
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Remingtons 2nd Add
Assessments
Tax With Assessments: 23594
Building Information
Building Finished SqFt: 8436
Building SqFt: 8436
Income and Expenses
Annual Caretaker Expense: 6450
Annual Electric Expense: 924
Annual Fuel Expense: 5985
Annual Gross Expenses: 45368
Annual Gross Income: 149760
Annual Insurance Expense: 7172
Annual Maintenance Expense: 900
Annual Net Income: 104392
Annual Repair Expense: 370
Annual Trash Expense: 2156
Annual Water/Sewer Expense: 4267
Total Annual Expenses: 45368
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 04
Township#: 28
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit 1
Unit Number: 101
Monthly Rent: 1100
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Level: Main Level
Unit Total SqFt: 625
Leased?: Yes
Lease Expiration Date: 2025-06-03
No. of 1 Bedroom Units: 8
Unit 10
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1075
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 204
Unit Total SqFt: 625
Unit 11
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1125
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 205
Unit Total SqFt: 625
Unit 12
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 785
Total Bathrooms: 1
Total Rooms: 3
Unit Number: 206
Unit Total SqFt: 425
Unit 2
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: Main Level
Monthly Rent: 1150
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 102
Unit Total SqFt: 625
Unit 3
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: Main Level
Monthly Rent: 900
Total Bathrooms: 1
Total Rooms: 3
Unit Number: 103
Unit Total SqFt: 450
Unit 4
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: Main Level
Monthly Rent: 1125
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 104
Unit Total SqFt: 625
Unit 5
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: Main Level
Monthly Rent: 1075
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 105
Unit Total SqFt: 625
Unit 6
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: Main Level
Monthly Rent: 895
Total Bathrooms: 1
Total Rooms: 3
Unit Number: 106
Unit Total SqFt: 425
Unit 7
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1175
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 201
Unit Total SqFt: 650
Unit 8
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1075
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 202
Unit Total SqFt: 625
Unit 9
Full Baths: 1
Lease Expiration Date: 2025-06-03
Leased?: Yes
Level: 2nd Level
Monthly Rent: 900
Total Bathrooms: 1
Total Rooms: 3
Unit Number: 203
Unit Total SqFt: 450
Unit Details
Total Units: 12
Unit Information
No. of Efficiency Units: 4
Property Features
Accessible: None
Air Conditioning: None
Amenities Shared: Coin-op Laundry Owned; Concrete Floors & Walls; In-Ground Sprinkler System; Patio; Security Building; Other
Amenities Unit: Cable; Hardwood Floors; Intercom System; Kitchen Window; Local Area Network
Appliances: Microwave; Range; Refrigerator
Basement: Concrete Block; Crawl Space; Egress Windows; Partial; Storage Space; Storage/Locker; Unfinished
CMU Style: Apartments/Multi Family
Construction Materials: Block; Brick; Concrete; Frame
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Stucco
Fencing: Chain Link; Partial; Wire
Financing Terms: Conventional
Flooring: Tile; Vinyl/Linoleum; Wood
Fuel: Natural Gas
Heating: Baseboard; Boiler; Hot Water
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Miscellaneous Information: Alley; Exterior Lighting
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot; Unassigned
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/Connected
Shared Rooms: Other
Stories: Two
Tenant Pays: Cable TV; Electricity
Topography: Level
Wall Description: Concrete/Block; Drywall; Finished; Wood
Water: City Water/Connected
Window Features: Double Pane Windows; Screens; Window Treatments
Listing Office: HomeAvenue Inc
Last Updated: June - 08 - 2025
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