Two-Story Multifamily
For Sale
$1,225,000
3021 Longfellow Ave, Minneapolis, MN 55407
A 12-unit, two-story brick and stucco property near transit and major employment centers for long-term rental demand.
Property SizeContact for details
Days on Market78
Property Features for 3021 Longfellow Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$7,578
Listing Agency:
Commercial Investors Group LLC
(612) 598-0780
Listed By:
Mike Sowers · License #40571176
(612) 598-0780
Source:
Exprealty
Added: Jun 8
Changed: Aug 24
Last Checked: Aug 24 at 9:36AM
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 Commercial Investors Group LLC
Investment Insights
Based on property information with market context.
This offering presents a 12-unit multifamily building built in 1962, arranged as a two-story brick and stucco structure on a large lot. The property is positioned for a straightforward acquisition in an established south Minneapolis setting, with the seller describing stable in-place cash flow and a clear value-add path on turns.
The building is located in the Corcoran neighborhood on Minneapolis’s south side. Lake Street/Midtown Station light rail is approximately 0.4 miles away, supporting tenant access to Downtown Minneapolis and MSP Airport without a car. Several parks are within about 1.1 miles, including Powderhorn Park and Corcoran Park, and multiple shopping options are within roughly 0.8 miles.
From a renter-fit perspective, the area includes nearby higher education and healthcare institutions, with Augsburg College, North Central University, and Abbott Northwestern Hospital all within minutes. That mix of student and workforce housing demand can support leasing stability across a diverse tenant pool. For buyers looking to add a well-located, transit-connected asset to a south Minneapolis portfolio, this 12-unit building offers an efficient, low-complexity platform in a walkable, amenity-supported corridor.
The building is located in the Corcoran neighborhood on Minneapolis’s south side. Lake Street/Midtown Station light rail is approximately 0.4 miles away, supporting tenant access to Downtown Minneapolis and MSP Airport without a car. Several parks are within about 1.1 miles, including Powderhorn Park and Corcoran Park, and multiple shopping options are within roughly 0.8 miles.
From a renter-fit perspective, the area includes nearby higher education and healthcare institutions, with Augsburg College, North Central University, and Abbott Northwestern Hospital all within minutes. That mix of student and workforce housing demand can support leasing stability across a diverse tenant pool. For buyers looking to add a well-located, transit-connected asset to a south Minneapolis portfolio, this 12-unit building offers an efficient, low-complexity platform in a walkable, amenity-supported corridor.
Key Highlights
- 12‑unit multifamily property built in 1962 with a two‑story brick and stucco exterior
- Large lot in Minneapolis south side Corcoran neighborhood
- Lake Street/Midtown Station light rail is 0.4 miles away for convenient access for tenants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 12-unit, two-story brick and stucco property near transit and major employment centers for long-term rental demand.
Where is this apartment building located?
The property is located at 3021 Longfellow Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1962 with a two‑story brick and stucco exterior; Large lot in Minneapolis south side Corcoran neighborhood; Lake Street/Midtown Station light rail is 0.4 miles away for convenient access for tenants
