



2818 E 31st Street
Minneapolis, MN 55406
Price
$699,000
MLS #
6770334
Status
Active
Built in 1960
5,050 Sq Ft
Hennepin County
Description
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,400 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year.
Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at over an 8 cap, with aggressive rents pushing it higher. Schedule your showing today, and add this cash flowing asset to your portfolio!
School District
Minneapolis
2025 Property Taxes
$11,052
Directions
Minnehaha to E 31st
Zoning
Residential-Multi-Family Zone
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Cooling
Wall Unit(s)
Heating
Baseboard,Boiler
Sewer
City Sewer/Connected
Water
Public
Foundation
Block
Additional Info
Includes
Range,Refrigerator
Listed By
Michael Moe of Keller Williams Classic Rlty NW
Listed
08/14/25 and last updated 05/27/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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