For Sale Commercial MLS# 6826530

3948 Oakland Avenue

Minneapolis, MN 55407

$640,000

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About 3948 Oakland Avenue

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1920
Lot
0.12
Original price
$640,000
MLS #
6826530

Interior

Features
Boiler
Heating
Boiler

Exterior & lot

Features
Stucco, Detached Garage
Construction
Block
Foundation
Block
Lot
1102824220071, Residential
Parking
Detached Garage
Garage spaces
4

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$2,310
Tax year
2025
Parcel
1102824220071

Location

Subdivision
Abbotts & Sundbys Add
County
Hennepin
Neighborhood
Bryant
Community
Hennepin, northstar, Minneapolis
Directions
Portland Ave to 39th, east to Oakland

Location

Neighborhood
Bryant
Subdivision
Abbotts & Sundbys Add
School district
Minneapolis Public School District

Ask about this property

Questions on 3948 Oakland Avenue, Minneapolis, MN 55407, or want to see it in person?

Listed by David B Dirkers, MRG Realty Partners, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.