Multifamily Asset with Cash
For Sale
Contact for pricing
3140 Minnehaha Ave, Minneapolis, MN 55406
Eleven-unit multifamily property with value-add opportunity in Minneapolis.
Property SizeContact for details
Days on Market170
Property Features for 3140 Minnehaha Ave
General Information
Standard status
Active
Class
C
Total Parking Spaces
11
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1962
Buildings
1
Stories
3
Units
11
Listing Agency:
MRG Realty Partners
(651) 900-4386
Listed By:
Doug McNicoll · License #40492260
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 18 at 11:03PM
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 MRG Realty Partners
Investment Insights
Based on property information with market context.
The Miro Apartments comprise an 11-unit multifamily asset. The property offers in-place cash flow and an opportunity to add value through operational improvements. The property utilizes RUBS for utility recapture. It is enrolled in the Minneapolis 4D Program, which provides property tax savings and enhanced long-term returns.
Key Highlights
- Strong in‑place cash flow
- Opportunity to value‑add through continued operational improvements
- Significant property tax savings via Minneapolis 4D Program
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 55406, MN
34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value
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 - Eleven-unit multifamily property with value-add opportunity in Minneapolis.
Where is this apartment building located?
The property is located at 3140 Minnehaha Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Strong in‑place cash flow; Opportunity to value‑add through continued operational improvements; Significant property tax savings via Minneapolis 4D Program
