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    1920 3Rd Ave S Minneapolis, MN 55405

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    For Sale
    Contact for pricing

    19-unit apartment building in downtown Minneapolis, renovated in 2009.

    Property size:
    18,088 SF

    Property Features for 1920 3Rd Ave S

    General Information

    Size
    18,088 SF

    Building Details

    Year built
    1917

    Source: Matthew Tarshis Agent Matthew Tarshis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Minneapolis Apartment Building

    The Nokoma is a 19-unit apartment building located in downtown Minneapolis. Constructed in 1915, the building sits on a 0.22-acre parcel of land. Renovated in 2008 and 2009, the property operates as a low-income housing tax credit property until 2038. The building has a total area of 18,088 square feet, with 11,356 square feet being rentable. The unit mix includes six 1-bedroom apartments averaging 466 square feet, twelve 1-bedroom apartments averaging 640 square feet, and one garden unit bedroom with 880 square feet. A parking garage is also included. The property is situated in a densely populated area, with over 55,000 residents within a one-mile radius. Its location provides convenient access to downtown Minneapolis and the Interstate-94 and Interstate-35W interchange. Minneapolis – Saint Paul International Airport is located 5.5 miles south of the property. Neighboring retailers include ALDI, Walgreens, CVS/Pharmacy, UPS Store, Wendy’s, Chipotle, Subway, and McDonald’s. The property is currently 79% occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    this is homely ... Media Consultant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2731234
    Latitude
    44.9630764

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    FAQs

    What type of property is this?
    Apartment building - 19-unit apartment building in downtown Minneapolis, renovated in 2009.
    Where is this apartment building located?
    The property is located at 1920 3Rd Ave S Minneapolis, MN.
    What are key features of this property?
    This property features: - Located in downtown Minneapolis with **high population density (over 55,000 within 1 mile)**.; - **Convenient access** to Downtown Minnesota, Interstate-94, and Interstate-35W.; - Includes a parking garage.
    (847) 542-9058
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    1920 3Rd Ave S Minneapolis, MN 55405
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    Minneapolis, MN 55405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 3Rd Ave S Minneapolis, MN 55405
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