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3021 Longfellow Ave 12 Unit Apartment Building $1,714,142 CAD ($142,845 CAD/Unit) Minneapolis, MN 55407
Investment Highlights
- Located in the highly accessible Corcoran neighborhood of South Minneapolis.
- Minutes from Augsburg College, Abbott Northwestern Hospital, and major employment hubs
- Walking distance to neighborhood amenities and transit options for tenant convenience
- Part of the Minneapolis 4D program ensuring reduced property taxes and energy savings
Executive Summary
3021 Longfellow Avenue represents a compelling opportunity to acquire a 12-unit multifamily asset in one of South Minneapolis’s most consistently occupied submarkets. Situated in the Corcoran neighborhood, this two-story brick and stucco property benefits from a strong rental demand base supported by its proximity to key destinations, including Augsburg College, North Central University, and Abbott Northwestern Hospital. The building has undergone steady improvements over recent years, featuring updates such as newer electric panels, a new front concrete stoop, and multiple unit remodels.
Property Facts
| Price | $1,714,142 CAD | Building Class | C |
| Price Per Unit | $142,845 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 7,560 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Multifamily Residential | ||
| Price | $1,714,142 CAD |
| Price Per Unit | $142,845 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 | 7,560 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | R6 - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01-028-24-22-0029 | Improvements Assessment | $1,402,617 CAD |
| Land Assessment | $244,158 CAD | Total Assessment | $1,646,775 CAD |
Property Taxes
Parcel Number
01-028-24-22-0029
Land Assessment
$244,158 CAD
Improvements Assessment
$1,402,617 CAD
Total Assessment
$1,646,775 CAD
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3021 Longfellow Ave
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