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Seven-Unit Apartment Building
New
For Sale
$700,000

2910 James Ave S, Minneapolis, MN 55408

Early 20th-century interiors retain built-in cabinetry, original trim, and hardwood floors.

Property Size8,300 SF
Days on Market3

Property Features for 2910 James Ave S

General Information

Standard status Active
Size 8,300 SF
Net Rentable 7,100 SF
Property subtype Multifamily

Additional Details

Cap Rate 5.97%
Multifamily Units 7

Amenities

Location: Steps from Bde Maka Ska and Lake of the Isles Allowing Tenants to Access Trails, Parks, Boating and Other Recreation All Within Walking Distance.
Long Term Ownership: First Time on the Market in About 50 Years
Historical Character: Handsome Construction Built to Withstand the Test of Time. Craftsman Interiors with Built-In Cabinets, Hard-Wood Floors, and Wood Trim.
Larger Units: Mostly Over-Sized Two Bedroom Units. Average Rent of $1,279

Building Details

Building Size 8,300 SF
Units 7
Listed By: Mike Jacobs · License #License(s): MN: 40760249, CA: 01979550
Source: Marcusmillichap
Added: Sep 11 Last Checked: Sep 12 at 3:37AM

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 Mike Jacobs

Investment Insights

Based on property information with market context.

This seven-unit apartment property comprises two early 20th-century buildings with a combined 7,100 rentable square feet. The residences feature spacious layouts, predominantly two-bedroom configurations, built-in cabinetry, original trim, and hardwood flooring. The property combines period character with a multi-unit residential layout in Minneapolis.

Located at 2910 James Ave S, the community sits near Bde Maka Ska, Lake of the Isles, and the Midtown Greenway. The surrounding Uptown area provides access to retail, recreation, nightlife, and cultural events, while the nearby lakes and greenway add prominent recreational amenities to the setting.

Key Highlights

  • Seven apartment units across two early 20th‑century buildings
  • 7,100 rentable square feet
  • Predominantly two‑bedroom unit mix

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Parts Store Locksmith Butcher Garden Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,980
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Early 20th-century interiors retain built-in cabinetry, original trim, and hardwood floors.
Where is this apartment building located?
The property is located at 2910 James Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Seven apartment units across two early 20th‑century buildings; 7,100 rentable square feet; Predominantly two‑bedroom unit mix
More about this property
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