3948 Oakland AVE, Minneapolis, MN 55407
$640,000
Est. payment /mo
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5,227 Sqft Lot
Active

3948 Oakland AVE Minneapolis, MN 55407

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Lars Anderson

Lars Anderson

+1(651) 497-1666

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Abbotts & Sundbys Add

MLS Listing ID 6826530

Year Built 1920

Annual Tax Amount $2,310

Tax Year 2025

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 43 x 118 x 43 x 118

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building

Fireplace No

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Utilities Available Electric Separate

Present Use Residential

Building

Foundation 5074

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Minneapolis

Listed by David Dirkers • MRG Realty Partners, LLC

NEARBY SCHOOL & BUSINESS

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Lars Anderson

Lars Anderson

Agent License ID: 40584523

+1(651) 497-1666

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3948 Oakland AVE

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