3044 James Ave S, Minneapolis

$950,000

9 Beds
6 Baths
5,624 Sqft
.16 Acres
2 Garages

This extremely rare investment property in East Calhoun's with a Golden Rental address only a block from the Lake. It's truly a diamond in the rough that has great cash flow already in place. The "value added" rents are about 20% below market for the Vintage building. It has a new roof, siding, boiler, and most of the windows have been replaces. Bring your ideas for a little cosmetic rehab and update the rents in the process! This is truly a CASH COW with some HUGE Upside with an AR1 zoning. The property has lots of charm and every unit is unique with hardwood floors, built in buffet's, decorative fireplace, and multi faceted layout ready for your creativity! Hurry this won't last!

Essential Information
MLS® #5284142
Price$950,000
Bedrooms9
Bathrooms6.00
Square Footage5,624
Acres0.16
Year Built1909
TypeMulti-Family
Sub-Type(MF) Apartments
Style(MF) Apartments
StatusActive
Community Information
Address3044 James Ave S
AreaECCO
SubdivisionCalhoun Park
CityMinneapolis
CountyHennepin
StateMN
Zip Code55408
Amenities
AmenitiesPorch, Security Building
# of Garages2
Garages

Detached Garage, Driveway - Concrete, Assigned, Garage Door Opener

Interior
HeatingHot Water
Exterior
ExteriorMetal
ConstructionPreviously Owned
Foundation1720
Lot Description

Corner Lot, Tree Coverage - Medium, City Bus (w/in 6 blks)

Roof

Asphalt Shingles, Age 8 Years or Less

School Information
District1 - Minneapolis
Additional Information
Date ListedAugust 26th, 2019
Days on Market20
ZoningResidential-Multi-Family
Listing Details
OfficeColdwell Banker Burnet
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Listing information last updated on September 15th, 2019 at 6:20am CDT.