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33519726
33519711

3021 Longfellow Ave S, Minneapolis, MN 55407

MS
MN 40571176
Commercial Investors Group
Listed by Commercial Investors Group
$1,225,000
5 days on market
Updated 5 days ago

3021 Longfellow Ave S

Details
Property Type Multifamily
Sub Type Apartment Building, Low rise
Square Footage 5,040
Units 12
Cap Rate 7.97%
NOI $97,662
Tenancy Multi
Price per SqFt $178
Class C
Year Built 1962
Buildings 1
Stories 2
Investment Type Value Add

3021 Longfellow Ave S, Minneapolis, MN 55407

Marketing description

Located in the Corcoran neighborhood on Minneapolis's south side, 3021 Longfellow Ave S is a 12-unit multifamily asset offered at $1,175,000. Built in 1962, this two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The Lake Street/Midtown Station light rail is just 0.4 miles away, putting Downtown Minneapolis and MSP Airport within easy reach for tenants without a car. Five parks are within 1.1 miles including Powderhorn Park, with shopping, dining, and neighborhood amenities all walkable from the front door. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Stable in-place cash flow, a proven location, and a clear value-add path on turns make this a straightforward addition to any south Minneapolis portfolio.

Located in the Corcoran neighborhood on Minneapolis's south side, 3021 Longfellow Ave S is a well-positioned multifamily asset within a walkable, transit-rich corridor. The Lake Street/Midtown Station light rail is just 0.4 miles away, putting Downtown Minneapolis and MSP Airport within easy reach for tenants without a car. Five parks are within 1.1 miles including Corcoran Park and Powderhorn Park, with three shopping centers within 0.8 miles. Popular neighborhood amenities include Memory Lanes, Arbeiter Brewing, and Eastlake Craft Brewery, adding to the live-work-play appeal that attracts and retains quality tenants. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Corcoran is a stable, established south Minneapolis submarket with the walkability and connectivity that keeps occupancy strong.

Investment highlights

  • 12x, 1 bed / 1 bath units averaging 575 SF with market rent of $1100

Listing Contacts

MS
MN 40571176
Commercial Investors Group
Listed by Commercial Investors Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,662.00
$8,138.50/mo

Valuation Metrics

0
DSCR
7.97%
Cap Rate
7.97%
ROI

Map

Zoning

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UN2/BFI3 OverlayUrban Neighborhood 2 Built Form Interior 3
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Mike Sowers
License
40571176
Brokerage
Commercial Investors Group
Title
CEO
Brokerage Address
9220 Bass Lake Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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