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6-Unit Apartment Building
For Sale
$475,000

1117 E 31st Street, Minneapolis, MN 55407

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.14 Acres
Days on Market24

Property Features for 1117 E 31st Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family
Exterior features Stucco
Subdivision Wiegands Add
High school district Minneapolis
Directions From 35 W go east on 31st St to 12th Ave S. Property is on the corner of 31st St and 12th Ave S.
Standard status Active
APN 0202824210144
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9924

Utilities

Heating system Oil

Building Details

Year built 1911
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Todd And April Ginsberg
Added: Aug 14 Changed: Aug 27 Last Checked: Sep 6 at 7:06PM
MLS# 7095003

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment building was constructed in 1911 on a 0.14-acre lot. Interior features include varied floor plans, natural woodwork, high ceilings, pantries, and bedrooms described as nicely sized. A large front balcony adds exterior space, while the basement provides substantial storage capacity. The building has stucco exterior construction and oil heating, along with a newer boiler.

Powderhorn Park is located a few hundred feet from the property. The surrounding area also includes nearby shops and restaurants, providing access to neighborhood retail and dining. The property address is 1117 E 31st Street, Minneapolis, MN 55407.

Key Highlights

  • 6‑unit apartment building constructed in 1911
  • 0.14‑acre lot with stucco exterior
  • Multiple layouts with high ceilings, natural woodwork, and pantries

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Veterinary Clinic HVAC Service Home Appliance Store Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,940
Businesses Nearby

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multiple layouts include high ceilings, pantries, and a front balcony.
Where is this apartment building located?
The property is located at 1117 E 31st Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6‑unit apartment building constructed in 1911; 0.14‑acre lot with stucco exterior; Multiple layouts with high ceilings, natural woodwork, and pantries
More about this property
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