3125 Colfax Avenue Minneapolis, MN 55408
10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown! Income opportunity: increase laundry load cost from $1.00 to $1.75, charge for off-street parking and storage locker rental.
- Property TypeCommercial
- NeighborhoodRemingtons 2nd Add
- CountyHennepin
- Taxes$21,739
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusPending
- MLS ID Number6553258
- Home Size Source N/A
- Year Built1927
- Lot Size0.15 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking ConcreteParking Lot
- Basement Brick/ Mortar
- Zoning Residential-Multi-Family
- Property Sub Type Apartment
- Garage Spaces 0
- Contingency None
- Sewer City Sewer - In Street
- Water City Water - In Street
- Lot Features Tree Coverage - Light
Interior Features
- Cooling Window Unit(s)
- Heating Boiler
- Appliances FreezerRangeRefrigerator
Exterior Features
- Lot Tree Coverage - Light
- Construction Details Brick/ Stone
Community Features
- Association Amenities Coin-op Laundry Owned