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3948 Oakland Ave
Minneapolis, MN 55407
Multifamily Property For Sale
·
5 Units
Executive Summary
3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.
Property Facts
| Price Per Unit | $176,384 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,620 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R5 | ||
| Price Per Unit | $176,384 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,620 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 1,000 |
| 3+1 | 2 | - | 1,200 |
Property Taxes
| Parcel Number | 11-028-24-22-0071 | Improvements Assessment | $755,971 CAD |
| Land Assessment | $99,767 CAD | Total Assessment | $855,738 CAD |
Property Taxes
Parcel Number
11-028-24-22-0071
Land Assessment
$99,767 CAD
Improvements Assessment
$755,971 CAD
Total Assessment
$855,738 CAD
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