Pending
3311 Fremont Avenue N Minneapolis, MN - Image 13311 Fremont Avenue N Minneapolis, MN - Image 23311 Fremont Avenue N Minneapolis, MN - Image 33311 Fremont Avenue N Minneapolis, MN - Image 43311 Fremont Avenue N Minneapolis, MN - Image 53311 Fremont Avenue N Minneapolis, MN - Image 6
Pending

$500,000

6 Beds 6 Baths 4,992 SQFT 0.15 Acres
Type: Pending

3311 Fremont Avenue N
Minneapolis, MN 55412

MLS#: 6783249
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Edina Realty, Inc.

Property Description

 

Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths6

Other Interior Features

BasementNone
Basement (Y/N)No
Ceiling Height8-10
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitNone
AppliancesRange, Refrigerator
CityMinneapolis
ContingencyNone
CoolingWall Unit(s)
CountyHennepin
Current UseResidential
DirectionsLowry Avenue North to Fremont Ave North. Go north 1 block to 3311 Fremont. Property is on the west side of the street
Electric Expense1078.1
Fuel Expense5233.73
Garage Spaces0
Gross Income68881.01
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense5279.22
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsSquare Feet
MaintenanceExpense1888.5
Net Operating Income48293.04
New ConstructionNo
Number Of Units Total6
Operating Expense20587.97
OwnerPaysTrash Collection, Water
Pool FeaturesNone
Possible UseOther
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusPending
Tax Annual Amount$8,043
Tax Year2025
Tenant PaysElectricity, Gas
UtilitiesElectric Separate, Heating Common
Water Sewer Expense7807.85
Year Built1961
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,992 sqft
FencingNone
Foundation Area1,600 sqft
InclusionsBuilding, Rental License
Lot Dimensions50x127
Lot Size Area6,350 sqft
Parking FeaturesOpen
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$500,000

6 Beds 6 Baths 4,992 SQFT 0.15 Acres
Type: Pending

3311 Fremont Avenue N
Minneapolis, MN 55412

MLS#: 6783249
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800