Pending Commercial MLS# 6783249

3311 Fremont Avenue N

Minneapolis, MN 55412

$500,000

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About 3311 Fremont Avenue N

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!

Property details

Property

Type
commercial
MLS type
Commercial
Status
Pending
Year built
1961
Stories
Three Or More
Living area
4,992 sqft
Price / sqft
$100
Lot
0.15
Original price
$540,000
MLS #
6783249

Interior

Features
Wall Unit(s), Boiler, Luxury Vinyl Tile, Range, Refrigerator
Appliances
Range, Refrigerator
Flooring
Luxury Vinyl Tile
Heating
Boiler
Cooling
Wall Unit(s)
Windows
Aluminum Frames

Exterior & lot

Features
Stucco, Open
Construction
Three Or More, Block, Aluminum Frames
Foundation
Block
Lot
0902924130061, Residential
Parking
Open

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate, Heating Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$8,043
Tax year
2025
Parcel
0902924130061

Location

County
Hennepin
Neighborhood
Folwell
Community
Hennepin, City Street, northstar, Minneapolis
Directions
Lowry Avenue North to Fremont Ave North. Go north 1 block to 3311 Fremont. Property is on the west side of the street

Location

Neighborhood
Folwell
School district
Minneapolis Public School District

Ask about this property

Questions on 3311 Fremont Avenue N, Minneapolis, MN 55412, or want to see it in person?

Listed by Robert Wuornos, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.