# 2818 E 31st Street, Minneapolis, MN 55406

> **TL;DR:** 10bd/0ba commercial, $699,000, built 1960. Est. $3,029/mo. Listed 238 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $699,000 |
| Bedrooms | 10 |
| Year Built | 1960 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 238 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,029 |
| **Total** | **$3,029** |

## Property Highlights

- Built in 1960
- 0.10 acre lot

## Description

### 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!

## Location

- **Address:** 2818 E 31st Street, Minneapolis, MN 55406
- **County:** Hennepin
- **Neighborhood:** Libbys Add
- **Coordinates:** 44.946992, -93.230647
- **Google Maps:** https://www.google.com/maps?q=44.946992,-93.230647

## Listing Agent

- **Name:** Michael Moe
- **Brokerage:** Keller Williams Classic Realty Northwest
- **Phone:** 2183105947
- **Email:** mikemoe@kw.com

## Primary Photo

![2818 E 31st Street - Primary Photo](http://lh.rdcpix.com/99c416dbe620663950446d77006ab984l-f3100210242r.jpg)

*43 total photos available on [listing page](https://www.propertysimple.com/listing/2818-e-31st-street-minneapolis-mn-55406-6770334)*

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**MLS#:** 6770334 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2818-e-31st-street-minneapolis-mn-55406-6770334)

---

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