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$640,000
Est. payment /mo
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Abbotts & Sundbys Add
MLS Listing ID 6826530
Year Built 1920
Annual Tax Amount $2,310
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Lot Dimensions 43 x 118 x 43 x 118
Property Description
3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit.
A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases.
The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.
A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases.
The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 5074
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Minneapolis
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Listed by David Dirkers • MRG Realty Partners, LLC
NEARBY SCHOOL & BUSINESS
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