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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.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Garage: 4
Heating: Boiler
Lot Size: 0.12 Acres
Taxes: $2,310
Year Built: 1920
Feature Descriptions
Current Use: Residential
Days on Site: 282
Foundation Size: 5074
Lot Dimensions: 43 x 118 x 43 x 118
Parcel#: 1102824220071
Parking: Detached Garage
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 5
Utilities: Electric Separate
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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3948 Oakland Avenue | MLS# 6826530
This commercial property located at 3948 Oakland Avenue, Minneapolis, MN 55407 is currently listed for sale with an asking price of $640,000. Oakland Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.org today.