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Small Residential Income Building

2824 Pillsbury Avenue S Minneapolis, MN 55408

Picture of Multifamily properties at 2824 Pillsbury Avenue S, Minneapolis, MN

2824 Pillsbury Avenue S, Minneapolis, MN, 55408

$624,900

For Sale

$624,900

MULTI_FAMILY - Minneapolis, MN

Property Size2,720 SF

Lot Size0.09 Acres

Price / SF$229.74

AddedJan 7

Days on Market188

Last RefreshJul 14 at 5:06 pm

Property Features for 2824 Pillsbury Avenue S

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 4
Rooms: Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Basement
Exterior features: Stucco
Fencing: Chain Link
Standard status: Active
APN: 3402924340052
Size: 2,720 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 9815

Utilities

Heating system: Hot Water(Heating)

Building Details

Year built: 1906
Roof type: Rubber

Listing agent Mohamed Abdulle

Listing office Northstar Real Estate Associates 7300 Metro Blvd #310, Mendota Heights, MN

Listing date Jan 7, 2026

MLS# 7003983 Listing URL

Investment Insights

Based on property information with market context.

This for-sale residential income multifamily property offers a total building size of 2,720 square feet on a 0.09-acre lot. The offering is categorized as other multifamily within the listing property types.

The property is located at 2824 Pillsbury Avenue S in Minneapolis, Minnesota 55408, within Hennepin County.

Because the listing information provided does not include unit count, layouts, or interior features, prospective buyers should verify building specifics and configuration during due diligence.

Key Highlights

Built in 1906
Exterior features include stucco
Rubber roof

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$70.8k	$26.04
− Vacancy	−$4.5k	−$1.64
EGI	$66.4k	$24.40
− OpEx	−$29.9k	−$10.98
NOI	$36.5k	$13.42

2,720 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$521.5K

$456.3K – $608.4K (±1% cap)

NOI $36,502 @ 7.0% cap · market cap 5.84%

Second Best

—

no second resolved use

Theoretical Best

Office A

$648.9K

$567.8K – $757.1K (±1% cap)

NOI $45,425 @ 7.0% cap · market cap 7.27%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

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