3001 N 3rd ST new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55411
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Morrisons Add To North
MLS Listing ID 6739152
Year Built 1963
Annual Tax Amount $7,682
Tax Year 2025
Contingent None
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 52x170
Property Sub-Type Apartment
Property Description
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s)
Inclusions Building,Land,Rental License
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Assigned,Paved
Utilities Available Electric Separate,Hot Water Common
Roof Type Age Over 8 Years
Present Use Residential
Building
Story Two
Foundation 3696
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District Minneapolis