Home › 3606 E 34th Street, Minneapolis, MN 55406 (MLS# 7068138)

3606 E 34th Street, Minneapolis, MN 55406 (MLS# 7068138)

$749,000
3606 E 34th Street
Minneapolis, MN 55406
MLS# 7068138
5500 sqft
3606 E 34th Street, Minneapolis, MN 55406
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Property Description
Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Details
Maps
Documents
Contract Information
Status: Active
Current Price: 749000
Contingency: None
ListPrice: 749000
List Date: 2026-05-05
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront YN: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1750
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 74 x 75
Assessment Pending: No
Location Tax and Other Information
House Number: 3606
Street Direction Prefix: E
Street Name: 34th
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Auditors Sub 237
Assessments
Tax With Assessments: 10988
Building Information
Building Finished SqFt: 5500
Building SqFt: 5500
Ceiling Height: 8-10
Income and Expenses
Annual Fuel Expense: 2040
Annual Gross Expenses: 29708
Annual Gross Income: 94500
Annual Insurance Expense: 6960
Annual Maintenance Expense: 2400
Annual Net Income: 64791
Annual Trash Expense: 4560
Annual Water/Sewer Expense: 2760
Total Annual Expenses: 29708
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 06
Township#: 28
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Unit 1
No. of 1 Bedroom Units: 5
Unit Details
Total Units: 6
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Appliances: Dishwasher; Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Concrete Block; Egress Windows; Full
CMU Style: Apartments/Multi Family
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Stucco
Fencing: None
Flooring: Luxury Vinyl Plank; Tile
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Hot Water; Zoned
Loan Terms: Cash; Conventional
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Heat; Insurance; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Potential Use: Income
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street; Paved Streets
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Flat
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Broadband; Cable TV; Electricity
Topography: Level
Water: City Water/Connected

Listing Office: Apartment Cash Flow, Inc.

Last Updated: October - 01 - 2026

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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Thursday 1st of October 2026 03:24 PM

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