2818 E 31st Street, Minneapolis, MN 55406
- 10 beds |
- 6 baths |
- 5,050 sqft
Commercial Property 
Built in 1960 
4,356sqft lot
—— car garage 
$134/sqft 
Listed 11 months ago
Property Description
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,400 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at over an 8 cap, with aggressive rents pushing it higher. Schedule your showing today, and add this cash flowing asset to your portfolio!
- Listing Status:
- Active
- Data Last Updated:
- July 22, 2026 at 6:16AM
- Listing Office:
- Keller Williams Classic Rlty NW : 763-463-7500
- MLS ID:
- 6770334
- General: StoneStucco
- Parking: Parking Lot
- Roofing: Asphalt
- General: Block
- Originating MLS: northstar
- School District: Minneapolis
- County: Hennepin
- Zoning: 0102824110053
- Current Use: Residential
- Utilities: Electric SeparateHeating CommonHot Water Common
- Water: City Water/Connected
- Sewer: City Sewer/Connected
- Source: northstar
This listing courtesy of Keller Williams Classic Rlty NW
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
