3044 James Ave S, Minneapolis, 55408

Commercial - Apartments/Multi Family For Sale in Calhoun Park

$950,000

Beds
Baths
5,624Sqft
.16Acres
2Garages
1909Built
39DOM
MLS® #: 5320232
Pending, 39 Days on Market

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!

Essential Information

MLS® #: 5320232
Price: $950,000
Square Footage: 5,624
Acres: 0.16
Year Built: 1909
Type: Commercial
Sub-Type: Apartments/Multi Family
Style: Apartments/Multi Family
Status: Pending

Community Information

Address: 3044 James Ave S
Area: ECCO
Subdivision: Calhoun Park
City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408

Amenities

Amenities: Deck, Porch, Natural Woodwork, Kitchen Window, Ceiling Fan(s), Hardwood Floors, Tiled Floors, Paneled Doors, Broadband Available, Cable, Local Area Network, Multiple Phone Lines
Utilities: Heating Common, Electric Common, Hot Water Common
# of Garages: 2
Garages: Detached Garage, Driveway - Other Surface

Interior

Appliances: Range, Cooktop, Microwave, Exhaust Fan/Hood, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Heating: Hot Water
Cooling: Window

Exterior

Exterior: Vinyl
Lot Description: Corner Lot, Tree Coverage - Light
Roof: Asphalt Shingles, Age 8 Years or Less
Foundation: 1720

School Information

District: 1 - Minneapolis

Additional Information

Date Listed: October 10th, 2019
Days on Market: 39
Zoning: Residential-Multi-Family
Current Use: Residential

Listing Details

Listing Office: Coldwell Banker Burnet

Financials

$/SqFt: $169

Properties for Sale Similar to 3044 James Ave S, Minneapolis, MN

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Listing information last updated on November 18th, 2019 at 4:35am CST.