5,040 sqft

$1,225,000

3021 Longfellow Avenue, Minneapolis MN, 55407

Price per sqft$243.06

Built in1962

Property size5,040 sqft

Property typeCommercial

Courtesy of Commercial Investors Group LLC, Mike Sowers Listing Contact:

Overview

Active

Listed Jun 8, 2026

Updated Aug 27

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.

Other Property Details

Taxes: $7,578
Tax Frequency: Annually

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