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2620 S 3rd Avenue
Minneapolis, MN 55408
MLS #4936808

Commercial
  • 0.16acres
Pending Sale $625,000
Est. P&I payment: $2387.08/mo
2620 S 3rd Avenue, Minneapolis, MN 55408
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Description for 2620 S 3rd Avenue, Minneapolis, MN 55408
Great property near MCAD. There are 3-2BRs, 1-3BR and 1-4BR. See supplements for financial performance. Mgmt company willing to stay on. Seller will perform a 1031 Exchange.
MLS #4936808
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My Notes for MLS #4936808

General Features

  • Acres: 0.16
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1900
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 5
  • Status: Pending

Exterior Features

  • Exterior: Wood
  • Parking Characteristics: Driveway - Asphalt
  • Lot Dimensions: 53.1X128
  • Other Parking Spaces: 5

Interior Features

  • Building Finished Square: 6,600
  • Handicap Accessible: None
  • Number of 2 Bedroom Unit: 3
  • Number of 3 Bedroom Unit: 1
  • Number of Units 4: 4
  • Number of Units 6: 1

Utilities Features

  • Heating: Baseboard,​Steam
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Gross Expense: 32,350
  • Miscellaneous Annual Income: 1,211
  • Miscellaneous Monthly Income: 101
  • Tenant Expenses: Electric
  • Total Annual Income: 75,396
  • Unit 4 Monthly Rent: 1,138
  • Annual Rent 4: 13,656
  • Unit 6 Monthly Rent: 1,630
  • Annual Rent 6: 19,560
  • Total Monthly Income: 6,283
  • Annual Net Income: 43,223
  • Tax Amount: 9,480
  • Tax Year: 2018
  • Annual Gross Income: 75,573

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Whittier

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Foundation Size: 2,294
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 2620 S 3rd Avenue, Minneapolis, MN 55408
NICOLLET TO 27TH, EAST TO 3RD, NORTH TO PROPERTY
The listing information for 2620 S 3rd Avenue, Minneapolis, MN 55408 was graciously provided by our friends at the listing brokerage, Manarola LLC

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Land Home Financial Services
Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $2387.08
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Last Updated 04/23/2018 at 2:02pm
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