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About This Home

This 10-bedroom, 0-bathroom commercial at 2818 E 31st Street in Minneapolis, MN is listed for $699,000. Built in 1960, on a 0.10 acres lot.

Agent Description

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!

Key Features

  • Built in 1960
  • 0.10 acre lot

Property Details

1960

Monthly Cost Estimate

$3,738/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,029
Insurance$204

Estimates only. Actual payments may vary.

Location

2818 E 31st Street

Minneapolis, MN 55406

Libbys Add

Features & Amenities

Exterior Features

Brick/StoneStucco

Property Details

Flooring

Wood

Parking

Parking Lot

Heating

Baseboard

Cooling

Wall Unit(s)

Appliances

RangeRefrigerator

Questions & Answers

This 10-bedroom, 0-bathroom commercial at 2818 E 31st Street is listed at $699,000. The estimated monthly payment is $3,029 based on 20% down at 6.5% interest.

Key features include: Built in 1960, 0.10 acre lot. Exterior Features: Brick/Stone, Stucco.

This property is listed by Michael Moe and can be reached at 2183105947 or mikemoe@kw.com.

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MM

Michael Moe

Agent at Keller Williams Classic Realty Northwest

(218) 310-5947

Listed by Keller Williams Classic Realty Northwest · View on Broker Site

MLS# 6770334· Source: listhub· Updated 238 days ago

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2818 E 31st Street, Minneapolis, MN 55406

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