2818 East 31st Street
2818 East 31st Street
$685,000
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Description
Updated 6 unit building fully rented with a 7.7% cap rate! 54k on NOI. Great location in Longfellow neighborhood. Walking distance to trails and river. Building consists of (4) 2 bedroom units, (2) 1 bedroom units. Units have been updated over the years. Laundry is in building run by BDS. Building offers 6 Parking spots. Great cash flow and upside. Contract For Deed Available.Updated 6 unit building fully rented with a 7.7% cap rate! 54k on NOI. Great location in Longfellow neighborhood. Walking distance to trails and river. Building consists of (4) 2 bedroom units, (2) 1 bedroom units. Units have been updated over the years. Laundry is in building run by BDS. Building offers 6 Parking spots. Great cash flow and upside. Contract For Deed Available.
- Listed by eXp Realty
Property Details for 2818 East 31st Street
Neighborhood
Longfellow
Subdivision NameLibbys Add
Zoning JurisdictionBusiness/Commercial
Location
LISTING UPDATED: 04/23/2024 09:08 PM
Property Details for 2818 East 31st Street
Status | Active |
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MLS # | 6495781 |
Days on Compass | 59 |
Taxes | $9,541 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1960 |
Lot Size | 0.10 AC / 4,356 SF |
County | Hennepin County |
Location
Building Information for 2818 East 31st Street
Stories-Residences6Year Built1960Lot Size0.10 AC / 4,356 SF
Payment Calculator
$4,533 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2818 East 31st Street
Property History for 2818 East 31st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2818 East 31st Street
Taxable ValueLand$63,100Additions$529,500Total$592,600
Tax Record2023$9,541 ($795 / month)
Home Facts
Total Finished SqFt3,026 SqFtAbove Grade Finished SqFt3,026 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR6CountyHENNEPINAPN01-028-24-11-0053
Schools near 2818 East 31st Street
This home is within Minneapolis Public School Dist..
Rating | School | Type | Grades | Distance |
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Public - | PK to 8 | |||
Public - | K to 5 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
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Andersen Community PublicPK to 8 | ||
Dowling Elementary School PublicK to 5 | ||
South Senior High School Public9 to 12 | ||
Franklin Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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