3012 Aldrich Ave, Minneapolis, MN 55408

5 Unit Apartment Building | $799,900 ($159,980/Unit) | Minneapolis, MN 55408

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $799,900

Property Type
Multifamily
Square Feet
4,514 SF

Listing Contacts

Jerry Lindeen
Jerry Lindeen
Verified Profile
  • Property Info

Property Overview

5 Unit, 12 bed, 6 bath (4-two bed/one-bath; 1-four bed/2-bath) apartment located in the desirable South Uptown neighborhood. It is walking distance to many shopping, dining and entertainment. The interior has hardwood floors with original Minneapolis charm built-ins. The kitchens consist of stainless-steel appliances, quartz countertops, mocha-colored cabinets and subway backsplash. Ample parking in the back with alley access. Opportunity to increase rental income as current rents are quite a bit under comparable rentals in the area. Roof and boiler replaced in 2002. Priced well below assessed value. Walkability score of 97 and Bikeable score of 98 per apartments..

Property Details

Class
C
Year Built/Renovated
1916/2020
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
5

Highlights

  • Rent Growth Opportunity
  • Units have been Rehabbed
  • Large Parking Lot in Back
  • Great Location in Uptown

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