60-Unit Apartment Building
For Sale
$5,600,000
2870 & 2876 & 2882 Humboldt Avenue S, Minneapolis, MN 55408
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.49 Acres
Days on Market68
Property Features for 2870 & 2876 & 2882 Humboldt Avenue S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Parking features
Parking Lot
Exterior features
Brick/Stone
Subdivision
Deans Add
High school district
Minneapolis
Directions
Located on the corner of Humboldt Ave St & Lagoon Ave in Minneapolis, MN.
Standard status
Active
APN
3302924340014
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
130803
Utilities
Heating system
Oil
Building Details
Year built
1915
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 251-4800
Listed By:
Mark K Hulsey · License #40169559
(952) 829-2900
Added: Jul 10
Changed: Sep 14
Last Checked: Sep 15 at 5:06AM
MLS# 7107359
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 multifamily portfolio includes three adjacent brick and stone apartment buildings on a 0.49-acre site totaling approximately 21,344 square feet. The 60-unit configuration includes 18 studios, 41 one-bedroom apartments, and 1 two-bedroom apartment. Built in 1915, the property features oil heating and a parking lot, with 95% occupancy across the buildings.
The properties occupy the corner of Lagoon and Humboldt, across from Lunds & Byerly's and near The Lakes and the Midtown Greenway Trail. Restaurant, retail, entertainment, parks, and transit are identified nearby. The portfolio consists of three parcels, including the land parcel between the buildings. Zoning includes UN3 at 2870 Humboldt Avenue South and RM1 at 2876 and 2882 Humboldt Avenue South, supporting continued multifamily use in an urban residential setting.
The properties occupy the corner of Lagoon and Humboldt, across from Lunds & Byerly's and near The Lakes and the Midtown Greenway Trail. Restaurant, retail, entertainment, parks, and transit are identified nearby. The portfolio consists of three parcels, including the land parcel between the buildings. Zoning includes UN3 at 2870 Humboldt Avenue South and RM1 at 2876 and 2882 Humboldt Avenue South, supporting continued multifamily use in an urban residential setting.
Key Highlights
- 60‑unit portfolio across 3 apartment buildings
- Approximately 21,344 square feet on 0.49 acres
- Unit mix includes 18 studios, 41 one‑bedrooms, and 1 two‑bedroom
Property Analytics
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Current Use
Lease Details
60
Residential units
95%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,219
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three adjacent brick and stone apartment buildings with a varied unit mix, parking, and established multifamily use.
Where is this apartment building located?
The property is located at 2870 & 2876 & 2882 Humboldt Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 60‑unit portfolio across 3 apartment buildings; Approximately 21,344 square feet on 0.49 acres; Unit mix includes 18 studios, 41 one‑bedrooms, and 1 two‑bedroom
