Spacious Minneapolis Multifamily Investment
For Sale
Contact for pricing
Pending
2621 3rd Ave S, Minneapolis, MN 55408
Six large three-bedroom units in South Minneapolis with upside potential.
Property SizeContact for details
Days on Market170
Property Features for 2621 3rd Ave S
General Information
Standard status
Pending
Class
B
Total Parking Spaces
5
Property subtype
Multifamily
Occupancy
100%
Building Details
Buildings
1
Stories
3
Units
6
Listing Agency:
MRG Realty Partners
(651) 900-4386
Listed By:
Doug McNicoll · License #40492260
Source:
Crexi
Added: Mar 3
Changed: Aug 11
Last Checked: Aug 20 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners
Investment Insights
Based on property information with market context.
The property at 2621 3rd Ave S, Minneapolis, MN 55408 is a six-unit multifamily building. Each unit features a three-bedroom layout with approximately 1,200 square feet of living space. The property includes basement storage for tenants, an on-site laundry room, and off-street parking in the rear, complemented by ample street parking. Located in South Minneapolis, the property provides convenient access to Downtown, transit options, and neighborhood amenities. There is an opportunity to implement RUBS and recapture utility expenses.
Key Highlights
- Large three‑bedroom units (approximately 1,200 sq ft) in high demand.
- Solid fundamentals with no major capital expenditure items needed.
- Opportunity to implement RUBS and recapture utility expenses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six large three-bedroom units in South Minneapolis with upside potential.
Where is this apartment building located?
The property is located at 2621 3rd Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Large three‑bedroom units (approximately 1,200 sq ft) in high demand.; Solid fundamentals with no major capital expenditure items needed.; Opportunity to implement RUBS and recapture utility expenses.
