3948 Oakland Avenue,Minneapolis, MN 55407
Minneapolis, MN 55407
Description
3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.
Details
| MLS # | 6826530 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 238 |
| Listing Provided By | MRG Realty Partners, LLC | David B Dirkers |
Features
| Garage | 4 |
|---|---|
| Units | 5 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.12 |
Interior
| Heating | Boiler |
|---|
Parking
| Parking Features | Detached Garage |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 2310 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 6 |
| Community Name | Abbotts & Sundbys Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Abbotts & Sundbys Add) | |
Price: $640,000 low | high Med: $0 On site: 238 low | high Med: | |
Market Activity 55407
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 6 |
| Community Name | Abbotts & Sundbys Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Abbotts & Sundbys Add) | |
Price: $640,000 low | high Med: $0 On site: 238 low | high Med: | |
