Price Reduction
Address
3320 Fremont Avenue S, Minneapolis, MN
Price
$ 1,390,000
Property Attributes
  • ID#6546993
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaRemingtons 2nd Add
  • NeighborhoodRemingtons 2nd Add
  • Zip55408
  • StyleApartment
  • Year Built1950
  • Taxes$ 23594
  • Price$ 1,390,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8436
  • Lot Size0.24 Acres
Data Source:
Northstar MLS (NSTAR)
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.

Price History
6/3/2024 Listed $1,490,000
6/20/2024 7% - $1,390,000

General Features

Sewer City Sewer/Connected
Heating Baseboard,Boiler,Hot Water
Cooling None
Utilities Electric Separate,Heating Common,Hot Water Common
Roof Age 8 Years or Less,Asphalt,Pitched
Appliances Microwave,Range,Refrigerator
Construction Materials Brick/Stone,Stucco
Year Built 1950
Tenant Pays Cable TV,Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 149760
OwnerPays Fuel,Insurance,Grounds Care,Repairs,Sewer,Snow Removal,Taxes,Trash Collection
Accessibility None
County Hennepin
Net Operating Income 104392
Operating Expense 45368
Insurance Expense 7172
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned,Concrete Floors & Walls,In-Ground Sprinkler System,Other,Patio,Security
Contingency Inspection
MaintenanceExpense 900
Subdivision Name Remingtons 2nd Add
Directions Hennepin Ave. East on 34th St. North on Fremont (one-way) going North.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 12
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 23594
Electric Expense 924
Fuel Expense 5985
Trash Expense 2156
Water Sewer Expense 4267
Additional Parcels Y/N No
Days on Market 21
Standard Status Active
Lender Owned No
Amenities Unit Cable,Hardwood Floors,Intercom System,Kitchen Window,Local Area Network
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Block,Crawl Space,Egress Window(s),Partial,Storage/Locker,Storage Space,Unfinished
Basement (Y/N) Yes
Fuel Natural Gas

Exterior Features

Parking Features Paved,Unassigned
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building,Fixture/Equipment,Land,Leases
Lot Size Area 0.24
Building Area Total 8436
Lot Dimensions 80x129
Foundation Area 4218
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55408

Price
AVG $880K
$1.39M
Taxes
AVG $36,163
$23,594
Visits
AVG 197
54
Data Provided by Inside Real Estate®
Year Built
AVG 1941
1950

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