3606 E 34th Street,Minneapolis, MN 55406
Minneapolis, MN 55406
Description
Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.
Details
| MLS # | 7068138 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 159 |
| Listing Provided By | Apartment Cash Flow, Inc. | Nathan P. Opatz |
Features
| SQ Feet | 5,500 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.13 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Boiler, Hot Water, Zoned |
| Appliances | Dishwasher, Range, Refrigerator, Stainless Steel Appliances |
Exterior
| Roof | Age Over 8 Years, Flat |
|---|---|
| Construction Materials | Block, Brick |
Parking
| Parking Features | Paved Lot |
|---|
Utilities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 10988 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55406 |
| Area | 44 |
| Community Name | Auditors Sub 237 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Auditors Sub 237) | |
Price: $749,000 low | high Med: $749,000 sqft: 5,500 low | high Med: 5,500 $ / sqft: $136 low | high Med: $136 On site: 159 low | high Med: 159 | |
Market Activity 55406
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 11, 2026 at 10:37:44 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55406 |
| Area | 44 |
| Community Name | Auditors Sub 237 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Auditors Sub 237) | |
Price: $749,000 low | high Med: $749,000 sqft: 5,500 low | high Med: 5,500 $ / sqft: $136 low | high Med: $136 On site: 159 low | high Med: 159 | |
Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
