3659 3rd Street NE Minneapolis, MN 55418

$510,000
3,438
SQFT
148
$/SQFT
$510,000
3,438   sf
$148 / sf
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Mixed-use income generating investment or live/work property with a single family home & commercial building in the heart of NE MPLS, Completely renovated, spacious & open floor plan in the commercial building with 2000 SF & large unfinished basement, currently being used as a fitness studio by the long term tenants. Beautiful & durable wood floors, large windows, updated 1/2 bath & kitchen. The story & a half single family home has 1440 finished sq. ft, updated kitchen with new cabinets, two BRs on each floor, two remodeled baths, & a full unfinished basement. One car garage & additional parking spaces. New concrete patio. Per the previous owner, roof was replaced in 2017, newer furnace systems in both properties including duct replacement, central air in the commercial space and portable A/C unit in the house. Fresh interior & exterior paint, Same long term tenants occupy the house and the commercial space. Great income generating property at 7% cap rate.

Mixed-use income generating investment or live/work property with a single family home & commercial building in the heart of NE MPLS, Completely renovated, spacious & open floor plan in the commercial building with 2000 SF & large unfinished basement, currently being used as a fitness studio by the long term tenants. Beautiful & durable wood floors, large windows, updated 1/2 bath & kitchen. The story & a half single family home has 1440 finished sq. ft, updated kitchen with new cabinets, two BRs on each floor, two remodeled baths, & a full unfinished basement. One car garage & additional parking spaces. New concrete patio. Per the previous owner, roof was replaced in 2017, newer furnace systems in both properties including duct replacement, central air in the commercial space and portable A/C unit in the house. Fresh interior & exterior paint, Same long term tenants occupy the house and the commercial space. Great income generating property at 7% cap rate.

  • Neighborhood
  • Type
  • County
    Hennepin
  • Tax Amount
    $6,439
  • Status
    Active
  • Listing #
    6373467
  • Built
    1926
  • Listed on site
    20 days

Listed by:
Edina Realty, Inc.

© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Listing courtesy of Edina Realty, Inc.. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 06/04/2023 05:05
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School Info

  • school district1

Property details

Community Features

  • No HOA

Property Features

  • Corner Lot
  • Gas Utilities

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Washer Dryer In Unit

Style

  • Ranch / One Story
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