Three-Building 60-Unit Apartment
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 Market81
Property Features for 2870 & 2876 & 2882 Humboldt Avenue S
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Parking features
Parking Lot
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 24
Last Checked: Sep 28 at 3:06AM
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 60-unit apartment portfolio consists of three buildings on a 0.49-acre site, approximately 21,344 square feet in area. The unit mix includes 18 studios, 41 one-bedroom apartments, and one two-bedroom apartment; occupancy is 95%. The property dates to 1915 and has oil heat and a parking lot. The buildings are located at 2870, 2876, and 2882 Humboldt Avenue South, with zoning of UN3 at 2870 and RM1 at 2876 and 2882. The assemblage includes three parcels, including a land parcel between the buildings.
At the corner of Lagoon and Humboldt, the property is across from Lunds & Byerly’s, near The Lakes, and adjacent to the Midtown Greenway Trail. Restaurants, retail, entertainment, parks, and transit are nearby.
At the corner of Lagoon and Humboldt, the property is across from Lunds & Byerly’s, near The Lakes, and adjacent to the Midtown Greenway Trail. Restaurants, retail, entertainment, parks, and transit are nearby.
Key Highlights
- 60 apartments across three buildings on 0.49 acres (approximately 21,344 square feet)
- Unit mix: 18 studios, 41 one‑bedroom units, and 1 two‑bedroom unit
- 95% occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - UN3 and RM1 zoning supports continued multifamily use across the three-building property.
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 apartments across three buildings on 0.49 acres (approximately 21,344 square feet); Unit mix: 18 studios, 41 one‑bedroom units, and 1 two‑bedroom unit; 95% occupancy
