$1
( )
 $0 est/mo Sourced by Back At You

2870 & 2876 & 2882 Humboldt Avenue S,Minneapolis, MN 55408

Minneapolis, MN 55408

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Description

* Call For Offers Date: August 21 by 5:00 PM* Sale Price: Negotiable* Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio* Located on a 0.49-acre site totaling approximately 21,344 sf* Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail* Longtime family-owned asset* 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom.* 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015)* Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies* Perfect 1031 Tax exchange and Investment * Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency)* Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurant, retail, entertainment, parks & transit* Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.

Details

MLS #7107359
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1915
Days On Site42
Listing Provided ByRE/MAX Results | Mark K Hulsey

Features

SQ Feet43,332
Units60
ZoningResidential-Multi-Family
Acreage0.49

Interior

HeatingBoiler

Parking

Parking FeaturesParking Lot

Utilities

UtilitiesElectric Common, Heating Common, Hot Water Common

Taxes

Property130803

Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Area21
Community NameDeans Add
School District1
High SchoolMinneapolis
Listing VS Median (in Deans Add)
Price:
$1
low | high
Med:
$1
50% of Average
sqft:
43,332
low | high
Med:
43,332
50% of Average
$ / sqft:
$0
low | high
Med:
$0
50% of Average
On site:
42
low | high
Med:
42
100% of Average
Sourced by Back At You

Market Activity 55408

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 21, 2026 at 11:48:31 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

Coldwell Banker Crown Park Rapids

Coldwell Banker Crown Park Rapids

 (218) 732-3381parkrapids@coldwellbankercrown.com
StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Area21
Community NameDeans Add
School District1
High SchoolMinneapolis
Listing VS Median (in Deans Add)
Price:
$1
low | high
Med:
$1
50% of Average
sqft:
43,332
low | high
Med:
43,332
50% of Average
$ / sqft:
$0
low | high
Med:
$0
50% of Average
On site:
42
low | high
Med:
42
100% of Average
Sourced by Back At You
Listing Updated: August 6, 2026 at 12:30:55 PM PDT

Coldwell Banker Crown

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