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10-Unit Apartment Building with Shared Laundry
For Sale
$1,035,000

3125 3rd Avenue, Minneapolis, MN 55408

A well-cared-for 10-unit building offers 1-bedroom, 1-bath layouts with shared laundry facilities.

Property Size9,450 SF
Price / SF$109.52
Days on Market265

Property Features for 3125 3rd Avenue

General Information

Standard status Active
Size 9,450 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $17,308

Amenities

3
Parking.
On Street.
Trees/Woods

Building Details

Year Built 1929
Listing Agency: AXEN Realty
Listed By: Kati Kor
Source: Xome
Added: Nov 19, 2025 Changed: Aug 8 Last Checked: Aug 11 at 5:43AM

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 AXEN Realty

Investment Insights

Based on property information with market context.

This well-cared-for 10-unit apartment building features unit layouts with 1 bedroom and 1 bathroom. The property also includes shared laundry facilities, and the building is described as move-in ready for its next owner.

The offering includes an adjacent lot identified as PID #0302824110157, which provides additional flexibility for outdoor amenities or future development, as noted in the remarks.

Located at 3125 3rd Avenue S in Minneapolis, the property is presented as a solid, reliable residential income asset with pride of ownership reflected throughout.

Key Highlights

  • Well‑cared‑for 10‑unit property with 1‑bedroom, 1‑bath units
  • Shared laundry facilities for tenants
  • Adjacent lot included: PID #0302824110157

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith HVAC Service Wine and Liquor Store Restaurant Home Appliance Store

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

Location Intelligence

Trade Area within ½ mile

5,103
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 - A well-cared-for 10-unit building offers 1-bedroom, 1-bath layouts with shared laundry facilities.
Where is this apartment building located?
The property is located at 3125 3rd Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: Well‑cared‑for 10‑unit property with 1‑bedroom, 1‑bath units; Shared laundry facilities for tenants; Adjacent lot included: PID #0302824110157
More about this property
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