$950,000

3044 James Ave S

Minneapolis MN, 55408

Description

This extremely rare investment property in East Calhoun's with a Golden Rental address only a block from the Lake. It's truly a diamond in the rough that has great cash flow already in place. The "value added" rents are about 20% below market for the Vintage building. It has a new roof, siding, boiler, and most of the windows have been replaces. Bring your ideas for a little cosmetic rehab and update the rents in the process! This is truly a CASH COW with some HUGE Upside with an AR1 zoning. The property has lots of charm and every unit is unique with hardwood floors, built in buffet's, decorative fireplace, and multi faceted layout ready for your creativity! Hurry this won't last!

Details

MLS#5320232
Sub-TypeResale
StatusPending - Show
Year1909
Days On Site40

Features

SQ Feet5,624
Story(s)1
Units5
ZoningResidential-Multi-Family

Market Activity 55408

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
AreaMinneapolis (MN)
Listing VS Median (in 55408)
Price:
$950,000
low | high
Med:
$350,000
100% of Average
SqFt:
5,624
low | high
Med:
1,058
100% of Average
$ / SqFt:
$169
low | high
Med:
$331
45.940930678266% of Average
On Site:
40
low | high
Med:
42
95.238095238095% of Average
Listing Updated: 11/18/2019
MLS Number: 5320232
Listing Provided By:
Nicholas Hall  of  Coldwell Banker Burnet
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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