3021 Longfellow Ave
Property Description
Located in the Corcoran neighborhood on Minneapolis's south side, 3021 Longfellow Ave S is a 12-unit multifamily asset offered at $1,175,000. Built in 1962, this two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The Lake Street/Midtown Station light rail is just 0.4 miles away, putting Downtown Minneapolis and MSP Airport within easy reach for tenants without a car. Five parks are within 1.1 miles including Powderhorn Park, with shopping, dining, and neighborhood amenities all walkable from the front door. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Stable in-place cash flow, a proven location, and a clear value-add path on turns make this a straightforward addition to any south Minneapolis portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,225,000 |
| No. of Units: | 12 |
| Average Occupancy: | 7.97 |
| Year Built: | 1962 |
| Lot Size: | 0.29 Acres |
| Opportunity Zone: | No |
| Price per unit: | $102,083 |
| Property Website | Click Here |
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