3044 James Ave S, Minneapolis

$916,000

Under Contract
0 Beds
0 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® #5492876
Price$916,000
Square Footage5,624
Acres0.16
Year Built1909
TypeCommercial
Sub-TypeApartments/Multi Family
StyleApartments/Multi Family
StatusPending
Community Information
Address3044 James Ave S
AreaECCO
SubdivisionCalhoun Park
CityMinneapolis
CountyHennepin
StateMN
Zip Code55408
Amenities
# of Garages2
Amenities

Hardwood Floors, Multiple Phone Lines, Natural Woodwork, Paneled Doors, Tiled Floors, Cable, Ceiling Fan(s), Deck, Kitchen Window, Local Area Network, Porch

Utilities

Heating Common, Electric Common, Hot Water Common

Garages

Detached Garage, Driveway - Other Surface

Interior
HeatingHot Water
CoolingWindow
Appliances

Range, Microwave, Refrigerator, Washer, Dryer, Cooktop, Dishwasher, Exhaust Fan/Hood, Freezer

Exterior
ExteriorVinyl
Foundation1720
Lot Description

Corner Lot, Tree Coverage - Light

Roof

Asphalt Shingles, Age 8 Years or Less

School Information
District1 - Minneapolis
Additional Information
Date ListedFebruary 27th, 2020
Days on Market25
ZoningResidential-Multi-Family
Listing Details
OfficeColdwell Banker Realty
LISTING MAP

Get directions to this property:

Regional Multiple Listing Service of Minnesota Logo The data relating to real estate for sale on this 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 The Barry Berg Group - Coldwell Banker Burnet are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. The Barry Berg Group - Coldwell Banker Burnet is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of The Barry Berg Group - Coldwell Banker Burnet, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Information deemed reliable but not guaranteed.

Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

Listing information last updated on March 30th, 2020 at 4:20am CDT.