Address
3125 Colfax Avenue S, Minneapolis, MN
Price
$ 1,050,000
Property Attributes
  • ID#6553258
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaRemingtons 2nd Add
  • NeighborhoodRemingtons 2nd Add
  • Zip55408
  • StyleApartment
  • Year Built1927
  • Taxes$ 21739
  • Price$ 1,050,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10320
  • Lot Size0.15 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown!

Price History
6/13/2024 Listed $1,050,000

General Features

Sewer City Sewer - In Street
Heating Boiler
Cooling Window Unit(s)
Utilities Electric Separate,Heating Common,Hot Water Common
Appliances Freezer,Range,Refrigerator
Construction Materials Brick/Stone
Year Built 1927
Property SubType Apartment
Tax Year 2023
Current Use Residential
OwnerPays Insurance,Grounds Care,Repairs,Sewer,Trash Collection
Accessibility None
County Hennepin
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Remingtons 2nd Add
Directions 35w North,west on 31st Street to Colfax,south on Colfax.
City Minneapolis
Buyer Agent Compensation 2.30
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 10
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 21739
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Brick/Mortar
Basement (Y/N) No
Fuel Natural Gas

Exterior Features

Parking Features Concrete,Parking Lot
Lot Features Tree Coverage - Light
Water Source City Water - In Street
Inclusions Rental License
Lot Size Area 0.15
Building Area Total 10320
Lot Dimensions 52 x 129
Foundation Area 3440

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
$1.05M
Taxes
AVG $36,163
$21,739
Visits
AVG 197
12
Data Provided by Inside Real Estate®
Year Built
AVG 1941
1927

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