$699,000
2818 E 31st Street Minneapolis, MN 55406
For Sale MLS# 6770334
5,050 sq ft Commercial
Details for 2818 E 31st Street
MLS# 6770334
Description for 2818 E 31st Street, Minneapolis, MN, 55406
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,400 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year.Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at over an 8 cap, with aggressive rents pushing it higher. Schedule your showing today, and add this cash flowing asset to your portfolio!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 10
Bathrooms: 6
Lot Size: 0.10 Acres
Square Feet: 5,050 sq ft
Year Built: 1960
Foundation: 1,960 sq ft
Subdivision: Libbys Add
Number Of Units Total: 6
Current Use: Residential
County: Hennepin
Days On Market: 191
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Refrigerator
Flooring: Wood
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Wall
Heating: Baseboard, Boiler, Natural Gas
Exterior / Lot Features
Open Parking: 6
Parking Description: Parking Lot
Exterior: Brick/Stone, Stucco
Roof: Asphalt Shingles
Lot Dimensions: 60X70
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building
Unit Information
Unit 1 Actual Rent: 1390
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Actual Rent: 1065
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Actual Rent: 1100
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 4 Actual Rent: 1375
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 5 Actual Rent: 1065
Unit 5 Baths Total: 1
Unit 5 Beds Total: 1
Unit 6 Actual Rent: 1405
Unit 6 Baths Total: 1
Unit 6 Beds Total: 2
Driving Directions
Minnehaha to E 31st
Financial Considerations
Tenant Pays: Electric
Owner Pays: Gas,Insurance,Lawn,Snow,Trash,Water
Gross Income: 86940
Expense: 13283.28
Tax/Property ID: 0102824110053
Tax Amount: 11051.6
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Classic Rlty NW
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2818 E 31st Street
Sales History
| Date | Price | |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2818 E 31st Street
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.