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2541 3rd Avenue

Minneapolis, MN 55404

About this property

Cash Cow! Long term tenants combined with college freshmen (who have to live near campus, which this property qualifies for now! Lots of opportunity to add an additional 4 bedroom unit in the basement! Zoned as a Corridor 4! Unit #2 is recently renovated and rented at $1,873/month. Unit #1 is 2,000/month Hugely desirable rental area in the Whittier neighborhood being located directly across from the Minneapolis College of Art and Design (MCAD) and Minneapolis Institute of Art (MIA). New kitchen counters, cabinets and appliances. Newer windows, fresh paint, buffed floors - this house shines! Buyers to verify all measurements. Layout is unique. Unit #1 has front half of 1st floor and all of 2nd floor. Unit #2 has back half of 1st floor (rear entrance door) and all of 3rd floor. General layout of what a 4 bedroom unit sketched up, but not approved by city of Minneapolis, available in supplements

About this property

Cash Cow! Long term tenants combined with college freshmen (who have to live near campus, which this property qualifies for now! Lots of opportunity to add an additional 4 bedroom unit in the basement! Zoned as a Corridor 4! Unit #2 is recently renovated and rented at $1,873/month. Unit #1 is 2,000/month Hugely desirable rental area in the Whittier neighborhood being located directly across from the Minneapolis College of Art and Design (MCAD) and Minneapolis Institute of Art (MIA). New kitchen counters, cabinets and appliances. Newer windows, fresh paint, buffed floors - this house shines! Buyers to verify all measurements. Layout is unique. Unit #1 has front half of 1st floor and all of 2nd floor. Unit #2 has back half of 1st floor (rear entrance door) and all of 3rd floor. General layout of what a 4 bedroom unit sketched up, but not approved by city of Minneapolis, available in supplements

Features and Additional Information

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$589,000 Active
3,260 SqFt
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Presented By Coldwell Banker Crown Bemidji

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Area Information

Whittier | Hennepin County | Geo Galpins Add

$ 589,000
This listing is play_arrow 6.8% lower than the average in the area
$ 632,000 in the area
3,260 SqFt
This listing is play_arrow 7.6% larger than the average in the area
3,030 SqFt in the area
$ 181 $/SqFt
This listing is play_arrow 14.3% less than the average in the area
$ 211 $/SqFt in the area
110 days on site
This listing is play_arrow 94.7% above the average in the area
57 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Minneapolis

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Listed By James Humphrey
Brokerage: Twin Cities Leasing LLC

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