3021 Longfellow Avenue, Minneapolis, MN 55407
- 5,040 sqft
Commercial Property 
Built in 1962 
0.29acre lot
—— car garage 
$243/sqft 
Listed 1 month ago
Property Description
12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.
- Listing Status:
- Active
- Data Last Updated:
- July 22, 2026 at 1:18PM
- Listing Office:
- Commercial Investors Group LLC : 612-598-0780
- MLS ID:
- 7088925
- General: StoneStucco
- Parking: Parking LotPaved Lot
- General: TwoBlock
- Originating MLS: northstar
- School District: Minneapolis
- County: Hennepin
- Zoning: 0102824220029
- Current Use: Residential
- Utilities: Electric CommonElectric SeparateHeating CommonHot Water Common
- Water: City Water/Connected
- Sewer: City Sewer/Connected
- Source: northstar
This listing courtesy of Commercial Investors Group LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
