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Executive Summary

Excellent multifamily investment opportunity with updated units. Located in the heart of Minneapolis’s highly desirable Longfellow neighborhood. This well-positioned 12-unit apartment building offers a strong unit mix, outstanding walkability, and convenient access to some of the city’s most popular amenities and destinations. The property appeals to today’s active urban renter with its proximity to neighborhood parks, fitness and recreation options, local restaurants, coffee shops, retail, and everyday services. Residents will enjoy being just minutes from the Mississippi River trail system, Minnehaha Park, and several of Minneapolis’s most vibrant dining and entertainment areas. The location offers a highly walkable and bike-friendly environment with excellent transit connectivity and easy access to Downtown Minneapolis, Uptown, and major transportation corridors. Strong rental demand in the area is supported by nearby employment centers, retail, dining, and entertainment destinations, making this an attractive investment opportunity for both stable cash flow and long-term appreciation. Combining a desirable location, solid rental appeal, and urban lifestyle amenities, this property presents an exceptional opportunity for investors seeking long-term upside in one of Minneapolis’s most established and dynamic neighborhoods.

Property Facts

Price $1,725,825 CAD
Price Per Unit $143,819 CAD
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 9,957 SF
Average Occupancy 100%
No. Stories 3
Year Built 1965
Parking Ratio 1.21/1,000 SF
Zoning R5

Amenities

Site Amenities

  • Laundry Facilities
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - 580
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
01-028-24-11-0041
Land Assessment
$261,265 CAD
Improvements Assessment
$1,389,555 CAD
Total Assessment
$1,650,820 CAD
  • Listing ID: 40632270

  • Date on Market: 2026-05-22

  • Last Updated:

  • Address: 3018 30th Ave S, Minneapolis, MN 55406

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