3125 Colfax Avenue S Minneapolis, MN 55408

$1,050,000
Pending
Apartment  |  MLS # 6553258
Pending
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About The Listing

10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown! Income opportunity: increase laundry load cost from $1.00 to $1.75, charge for off-street parking and storage locker rental.


Listing courtesy of Jerry Lindeen, Metro Group Real Estate
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Pending
Contingency Type: None
Year Built: 1927
MLS #: 6553258
Garage Spaces: 0
Parking Description: Concrete, Parking Lot
Sewer Description: City Sewer - In Street
Air Conditioning Type: Window Unit(s)
Water: City Water - In Street
Heat Type: Boiler
Basement: Brick/Mortar
Construction Description: Brick/Stone
Days On Market (Continuous): 71
Disability Features: None
Latest Update: 08/27/2024
List Date: 06/13/2024
Listing Agent ID: 502211474
Listing Office: Metro Group Real Estate
Listing Office ID: 21523
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Freezer, Range, Refrigerator
Lot Dimensions: 52 x 129
Lot Size: 0.15 Acres
Lot Features: Tree Coverage - Light
School District: Minneapolis
Tax Year: 2023
Estimated Taxes: $21,739
Contingency Type: None
City: Minneapolis
Zip: 55408
County: Hennepin
Subdivision: Remingtons 2nd Add
State: MN
Listing last updated: 08/27/24

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