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3948 Oakland Ave, Minneapolis, MN, 55407
Five-Unit Multifamily Property

3948 Oakland Ave Minneapolis, MN 55407

For Sale
$640,000

Five-unit multifamily building with a 2019 boiler and four single-stall garages.

Days on Market203

Property Features for 3948 Oakland Ave

General Information

Standard status
Active
Listing Agency: MRG Realty Partners, LLC
Listed By: David B Dirkers · License #40585691
Source: Exprealty
Added: Jan 2 Changed: Jul 21 Last Checked: Jul 23 at 9:55AM

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, LLC


Investment Insights

Based on property information with market context.

3948 Oakland Avenue is a five-unit multifamily property with three two-bedroom units, one three-bedroom unit, and one four-bedroom unit. The building includes a new boiler installed in 2019 and has 100-amp electrical service. Four single-stall garages are included with the property. Current tenants are on month-to-month leases.

The property is located in the Bryant neighborhood of South Minneapolis and offers convenient access to I-35W and additional South Minneapolis area amenities.

The building is enrolled in the Minneapolis 4D program, which provides a reduction in annual property tax expense.

Key Highlights

  • 5‑unit multifamily on Oakland Avenue: three 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit
  • New boiler installed in 2019
  • 100‑amp electrical service

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Accounting Firm Building Supply Furniture & Home Goods (Bike/Boat/Book/etc) Store Dental Office Computer & Electronic Repair Home Appliance Store Big Box & Wholesale Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Five-unit multifamily building with a 2019 boiler and four single-stall garages.
Where is this apartment building located?
The property is located at 3948 Oakland Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 5‑unit multifamily on Oakland Avenue: three 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit; New boiler installed in 2019; 100‑amp electrical service
More about this property
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