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2818 E 31st Street
Minneapolis MN 55406 US

$699,000

Active Listing ID 6770334
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10 bed
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Lot: 0.10 Acres
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Other

$699,000

Active Listing ID 6770334
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2818 E 31st Street 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, 245 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 a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!

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Property Features

  • Facts
  • Lot Size: 0.10 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s)
  • Exterior Finish: Brick/Stone, Stucco
  • Floor Covering: Wood
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Baseboard

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 699000
  • unparsedaddress: 2818 E 31st Street
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55406
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1
  • lotsizeunits: Acres
  • lotsizearea: 0.1
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.946992
  • longitude: -93.230647
  • listagentfullname: Michael Moe
  • listagentemail: mikemoe@kw.com
  • listagentkey: 3yd-RMLSMN-502051144
  • listagentmlsid: 502051144
  • listagentpreferredphone: 2183105947
  • listagentofficephone: 7636574444
  • listofficekey: 3yd-RMLSMN-7231
  • listofficemlsid: 7231
  • disclaimer: Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1960
  • listingcontractdate: 2025-08-14
  • listagenturl: http://www.kwmaplegrove.com
  • countyorparish: Hennepin
  • parcelnumber: 0102824110053
  • appliances: Range, Refrigerator
  • cooling: Wall Unit(s)
  • flooring: Wood
  • heating: Baseboard
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Brick/Stone, Stucco
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.230644, 44.94699
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Classic Realty Northwest", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mikemoe@kw.com", "ListBrokerageCity":"Maple Grove", "ListBrokerageCountry":"US", "ListBrokerageEmail":"GHartos@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/d1bcd4f1497c11df85bb00219b994c72/20160401152045674.png", "ListBrokerageName":"Keller Williams Classic Realty Northwest", "ListBrokeragePhone":"(763) 657-4444", "ListBrokeragePostalCode":"55369", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10402 73rd Ave N", "ListBrokerageWebsiteUrl":"http://www.kwmaplegrove.com", "ListOfficeAddress1":"10402 73rd Ave N", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Maple Grove", "ListOfficeCountry":"US", "ListOfficeEmail":"GHartos@kw.com", "ListOfficePostalCode":"55369", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Minneapolis, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/6770334/?channel=rexren", "MLSModificationTimestamp":"2025-10-21T15:21:28Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11051.6, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/24/2025 8:03:41 AM GMT
Source Updated Date: 12/14/2025 12:54:29 PM GMT

Courtesy of: Michael Moe, Keller Williams Classic Realty Northwest, mikemoe@kw.com

Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.