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Austin Wohlenhaus

austin@wohlenhaus.com +1(651) 605-1066

$ 974,900

Est. payment -/mo

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3001 N 3rd ST Minneapolis, MN 55411

9,147 Sqft Lot

UPDATED:

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

Listed by Matthew Rich • LPT Realty, LLC

Austin Wohlenhaus

+1(651) 605-1066

Austin Wohlenhaus

3001 N 3rd ST Minneapolis, MN 55411

Key Details

Location

Interior

Exterior

Building

Schools

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3001 N 3rd ST