For Sale Commercial MLS# 7068138

3606 E 34th Street

Minneapolis, MN 55406

$749,000

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About 3606 E 34th Street

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1963
Stories
Three Or More
Living area
5,500 sqft
Price / sqft
$136
Lot
0.13
Original price
$750,000
MLS #
7068138

Interior

Features
Wall Unit(s), Boiler, Hot Water, Zoned, Block, Egress Window(s), Finished, Full, Luxury Vinyl Plank, Tile, Dishwasher, Range, Refrigerator, Stainless Steel Appliances
Appliances
Dishwasher, Range, Refrigerator, Stainless Steel Appliances
Flooring
Luxury Vinyl Plank, Tile
Heating
Boiler, Hot Water, Zoned
Cooling
Wall Unit(s)

Exterior & lot

Features
Stone, Stucco, Paved Lot
Construction
Three Or More, Block, Age Over 8 Years, Flat
Roof
Age Over 8 Years, Flat
Foundation
Block
Lot
0602823240229, Level, Residential
Parking
Paved Lot

Schools

District
Minneapolis Public School District

Utilities

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

Financial

Financial
northstar
Annual tax
$10,988
Tax year
2026
Parcel
0602823240229

Location

Subdivision
Auditors Sub 237
County
Hennepin
Neighborhood
Longfellow
Community
Hennepin, City Street, Paved Streets, northstar, Minneapolis
Directions
Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park

Location

Neighborhood
Longfellow
Subdivision
Auditors Sub 237
School district
Minneapolis Public School District

Ask about this property

Questions on 3606 E 34th Street, Minneapolis, MN 55406, or want to see it in person?

Listed by Nathan P. Opatz, Apartment Cash Flow, 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.