Minneapolis, MN 55408,3125 Colfax AVE S
Minneapolis, MN 55408,3125 Colfax AVE S
Minneapolis, MN 55408,3125 Colfax AVE S
Minneapolis, MN 55408,3125 Colfax AVE S
Minneapolis, MN 55408,3125 Colfax AVE S
Minneapolis, MN 55408,3125 Colfax AVE S
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$950,000

$1,050,000

9.5%
Est.Price: ?

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Est. payment /mo

6,534 Sqft Lot


SOLD DATE : 09/30/2024

Key Details

Sold Price $950,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Remingtons 2Nd Add

MLS Listing ID 6553258

Year Built 1927

Annual Tax Amount $21,739

Tax Year 2023

Lot Size 6,534 Sqft

Property Description

10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown! Income opportunity: increase laundry load cost from $1.00 to $1.75, charge for off-street parking and storage locker rental.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Cooling Window Unit(s)

Exterior

Garage Concrete, Parking Lot

Utilities Available Electric Separate, Heating Common, Hot Water Common

Building

Lot Description Tree Coverage - Light

Foundation 3440

Sewer City Sewer - In Street

Water City Water - In Street

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Jerry Lindeen • Metro Group Real Estate
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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