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MLS# 6739152 - 3001 N 3rd Street Minneapolis, MN 55411
COM • 6739152
3001 N 3rd Street
Minneapolis, MN 55411
Active
$974,900
94 north to N 26th Ave, North on N 3rd St, property will be on your left
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.
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Mortgage & Tax Calculator [Estimated]
Purchase Price ($):
Down Payment ($):
Down Payment (%):
Est. Best Interest Rate (%):
Term of Loan (Years):
Monthly Payment:
$4,716 + $640(tax)
Est. Monthly Total: $5,356
*does not include insurance and all numbers are estimated.
Summary
Type: COM | Commercial Sale - Apartment
Price: $974,900
$132/sf
$4,642,381/acre
Transaction: For Sale
Status: Active
Contingencies: None
Agent Owned: Yes
Lender Owned: No
Current Use: Residential
Zoning: Residential-Multi-Family
Square Footage: 7,392 sq ft
Lot Size: 0.21 acres
Year Built: 1963
Foundation: 3,696 sq ft
Stories: Two
Listed at: Fri Jun 20 2025 5:00:00 AM
Listing Age: 18 days
School District: 1-Minneapolis | 612-668-0000
Neighborhoods: Hawthorne
County: Hennepin
Building Details
In Home Details
Appliances: Range, Refrigerator
Construction Material: Stucco
Exterior
Siding: Stucco
Roof: Age Over 8 Years
Utilites
Water: City Water/Connected
Sewer: City Sewer/Connected
Cooling: Wall Unit(s)
Heating: Boiler, Natural Gas
Property Details
Garage: Assigned, Paved
Lot Dimensions: 52x170
Agent Owned: Yes
Utilities: Electric Separate, Hot Water Common
Others
School Information
District Number: 1-Minneapolis
District Phone: 612-668-0000
Financial Considerations
Tax Property ID: 1002924320084
Tax Amount: $7,682 for 2025
Listing Data
Listed Price: $974,900
Days on market: 2 days
First Listed at: Fri Jun 20 2025 5:00:00 AM
Last Updated at: Sun Jun 22 2025 2:48:03 PM
Total Days on Market: 183 days
Contingencies: None
Assessments: No
Foreclosure: No
Lender Owned: No
Public Survey
Range: 24
Section: 10
Township: 29
Unit Information
Summary
Rental Units: 8
Rental License: Standard
Financials
Owner Expenses: Grounds Care, Sewer, Trash Collection
Tenant Pays: Electricity
Unit 1
Rooms: 4 rooms
Bedrooms: 2
Bathrooms: 1
Size: 800 sqft
Actual Rent: $1,350
Unit 2
Rooms: 4 rooms
Bedrooms: 2
Bathrooms: 1
Size: 800 sqft
Actual Rent: $1,350
Unit 3
Rooms: 3 rooms
Bedrooms: 1
Bathrooms: 1
Size: 625 sqft
Actual Rent: $1,150
Unit 4
Rooms: 3 rooms
Bedrooms: 1
Bathrooms: 1
Size: 625 sqft
Actual Rent: $1,150

LPT Realty, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Realty Group LLC | searchhomesmn.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Realty Group LLC | searchhomesmn.com, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .

Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.

LPT Realty, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Realty Group LLC | searchhomesmn.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Realty Group LLC | searchhomesmn.com, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .