$ 5,600,000
-
$5,600,000
Price -
43,332
SqFt -
0.49
Acre
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About the Listing 5057 - 502019808
* Call For Offers Date: August 21 by 5:00 PM * Sale Price: Negotiable * Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio * Located on a 0.49-acre site totaling approximately 21,344 sf * Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail * Longtime family-owned asset * 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom. * 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015) * Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies * Perfect 1031 Tax exchange and Investment * Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency) * Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurant, retail, entertainment, parks & transit * Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 128X168
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $130,803
- Taxes w/Assessments: N/A
- Tax/Property ID: 3302924340014
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
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Questions About..
2870 & 2876 & 2882 Humboldt Ave S Minneapolis, MN 55408
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