3300 41st Avenue S, Minneapolis, MN 55406
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 17, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 30 at 4:06 pm
Property Features for 3300 41st Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Basement, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 1
- Exterior features
- Aluminum Siding, Stucco
- Standard status
- Active
- APN
- 0602823130156
- Size
- 2,052 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6418
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1911
- Roof type
- Flat
Listing agent Gregory W Lawrence License #20324479 (763) 473-1510
Listing office HomeAvenue Inc 7880 Olson Memorial Highway, St. Louis Park, MN (952) 929-7355
Listing date Jun 17, 2026
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.
HighLights
- 1911 triplex in South Minneapolis’s Longfellow/Cooper area with 3 separate 2BR/1BA units
- Updates include a new roof, new main sewer line, plumbing improvements, and updated furnaces
- Three independent forced‑air furnaces and three water heaters for each‑unit utilities
- Corner lot with abundant off‑street parking, plus basement storage
- Owned coin‑operated laundry on‑site; some units are month‑to‑month leases with one unit available for an owner‑occupant
Overview
The property is located at 3300 41st Avenue S in Minneapolis, MN 55406, on a corner lot. The listing notes abundant off-street parking and provides for tenant access to laundry on-site. The remarks describe the area as part of South Minneapolis and reference the Longfellow/Cooper area.
From an ownership standpoint, the building is configured for straightforward rental management with three independent units and month-to-month leases as currently described. The listing indicates one unit may be available for an owner occupant, which can support flexible strategies for investors seeking income while also accommodating households that want to live in one unit and rent the others.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $19.80 |
| − Vacancy | −$2.6k | −$1.29 |
| EGI | $38.0k | $18.51 |
| − OpEx | −$11.4k | −$5.55 |
| NOI | $26.6k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.214379
- Latitude
- 44.943132
