3311 Fremont Avenue N, Minneapolis, MN
$500,000
6
Beds
6
Baths
4,992
Square feet
6350.00
Acres
About 3311 Fremont Avenue N
Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!
Features of 3311 Fremont Avenue N
| MLS® # | 6783249 |
|---|---|
| Price | $500,000 |
| Square Footage | 4,992 |
| Acres | 6,350.00 |
| Year Built | 1961 |
| Type | Commercial |
| Status | Pending |
| Contingency Type | None |
Community Information
| Address | 3311 Fremont Avenue N |
|---|---|
| Area | 27 |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55412 |
Amenities
| Utilities | Electric Separate, Heating Common |
|---|---|
| Parking | Open |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Boiler |
| Cooling | Wall Unit(s) |
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior Features | Stucco |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $8,043 |
| Tax Year | 2025 |
| Office | Edina Realty, Inc. |
Listing Details
| Office | Edina Realty, Inc. |
|---|