$1,225,000
3021 Longfellow Avenue Minneapolis, MN 55407
For Sale MLS# 7088925
5,040 sq ft Commercial
Details for 3021 Longfellow Avenue
MLS# 7088925
Description for 3021 Longfellow Avenue, Minneapolis, MN, 55407
12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.
Listing Information
Property Type: Commercial, Apartments/Multi Family,Low Rise (3- Levels)
Status: Active
Lot Size: 0.29 Acres
Square Feet: 5,040 sq ft
Year Built: 1962
Foundation: 1,680 sq ft
Stories: 2 Stories
Subdivision: Minnehaha Add
Number Of Units Total: 12
Current Use: Residential
County: Hennepin
Days On Market: 15
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Electric Separate,Heating Common,Hot Water Common
Heating: Electric, Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 5
Parking Description: Parking Lot, Paved Lot, Garage Door Height - 0, Garage Sq Ft - 0.00
Exterior: Brick/Stone, Stucco
Lot Dimensions: 100.00 X 125.00
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Rental License
Driving Directions
From I-35W, take the Lake Street exit and head east on Lake Street, then turn right on Longfellow Avenue South and proceed to 3021 Longfellow Ave S on your right.
Financial Considerations
Other Annual Tax: $809
Gross Income: 158400
Expense: 54389
Tax/Property ID: 0102824220029
Tax Amount: 7578.28
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Commercial Investors Group LLC
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 3021 Longfellow Avenue
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3021 Longfellow Avenue
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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.
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