1529 E 38th Street Minneapolis

1529 E 38th St, Minneapolis, MN 55407

  • For Sale $1,200,000
  • Property Type Multi-Family
  • Property Size 7,893 SF
  • Units 11
  • Lot Size 0.2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1959
  • Year Renovated 2024
  • Date Updated Oct 11, 2024
Immerse yourself in the enticing surroundings of our location in Minneapolis, MN. Nestled near the vibrant E 38th Street, the area offers an array of dining options, including popular establishments like Hi-Lo Diner and Northbound Smokehouse & Brewpub, ideal for casual get-togethers or date nights. Embrace the local arts and culture scene at the nearby Minneapolis Institute of Art and explore the diverse culinary offerings at the iconic Midtown Global Market. Convenient access to major roadways and public transit makes commuting a breeze, catering to the needs of modern urban living. With an abundance of amenities and attractions, this neighborhood provides an appealing setting for those seeking a dynamic and connected community.Great cash flowing investment opportunity for sale in Minneapolis! This 11 unit apartment building has 1-bedroom and 1-bathroom in each unit. This building has been very well maintained and has over $200k in recent capital improvements! Each unit has been updated along with all the common areas. Recent building improvements include a concrete surface parking lot, high efficiency boiler and zone valves, roof, gutters, soffits, downspouts, windows, and separately metered electrical. Conveniently located close to restaurants, highways, public transportation, shopping, parks and more. Don’t miss this opportunity to own a quality multifamily property!

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Attachments

Highlights

  • - 7,893 SF multifamily building with 11 units
  • - 11 units each have 1-bedroom and 1-bathroom
  • - Zoned CM2 for commercial/multifamily use
  • - Prime location in Minneapolis/St. Paul area
  • - Currently 100% occupied
  • - Excellent investment opportunity
  • - Separately metered electrical
  • - Over $200k in recent capital improvements
  • - New roof, gutters, soffits, downspouts
  • - Newer concrete surface parking lot
  • - Newer high efficiency boiler and zone valves
  • - Newer windows

Contacts

broker

Amber Lange

Amber Lange - KW - MN

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Minneapolis, MN
  • Neighborhood Bancroft
  • Zip Code 55407
  • Market Minneapolis St Paul

Points of Interest

  • 38th Street

    1.10 miles

  • Lake Street/Midtown

    1.18 miles

  • 46th Street

    1.82 miles

  • Franklin Avenue

    1.99 miles

  • Cedar-Riverside

    2.38 miles

  • 50th Street/Minnehaha Park

    2.54 miles

  • Lakewood Cemetary Stop

    2.60 miles

  • West Bank

    2.64 miles

  • Cottage City Stop

    2.80 miles

  • 42nd St Depot

    2.85 miles

  • Arco

    0.04 miles

  • Holiday

    0.36 miles

  • Marathon Gas

    1.02 miles

  • MotoMart

    1.07 miles

  • Shell

    1.11 miles

  • Speedway

    1.23 miles

  • Winner on 46th

    1.31 miles

  • minnoco

    1.78 miles

  • ChargePoint

    2.06 miles

  • Greenlots

    2.96 miles

  • 38th St Station Waiting Lot

    1.07 miles

  • Cardinal Parking Lot

    1.07 miles

  • Overflow Parking Ramp

    1.34 miles

  • Main Parking Ramp

    1.39 miles

  • Piper Parking Lot

    1.53 miles

  • 28th St Parking

    1.53 miles

  • Lake Nokomis Pay Parking

    1.57 miles

  • Blue Ramp

    1.60 miles

  • Employee Parking Ramp

    1.61 miles

  • Green Ramp

    1.63 miles

  • Minneapolis International Hostel

    2.08 miles

  • Moxy Minneapolis Uptown

    2.29 miles

  • Hilton Garden Inn Minneapolis Downtown

    2.66 miles

  • 300 Clifton

    2.71 miles

  • Elliot Park Hotel

    2.73 miles

  • Holiday Inn Express Minneapolis Downtown Convention Center

    2.75 miles

  • Courtyard Minneapolis Downtown

    2.76 miles

  • Hotel Ivy, a Luxury Collection Hotel, Minneapolis

    2.78 miles

  • Normandy Inn & Suites

    2.81 miles

  • Millennium Hotel

    2.81 miles

  • Mama Shelia's Soulfood Kitchen

    0.04 miles

  • Lucy's Market & Carry-out

    0.24 miles

  • D's Bahn Mi

    0.30 miles

  • Tiny Diner

    0.35 miles

  • Subway

    0.37 miles

  • Reverie

    0.38 miles

  • Smoke in the Pit

    0.51 miles

  • Mei Inn

    0.52 miles

  • Pupuseria La Palmera

    0.53 miles

  • The Original on 42nd

    0.56 miles

  • Bancroft Elementary School

    0.19 miles

  • Risen Christ Catholic Schools

    0.34 miles

  • El Colegio

    0.43 miles

  • Folwell Elementary School

    0.49 miles

  • Metro Educational Services

    0.69 miles

  • Heritage Academy

    0.70 miles

  • Early Childhood Special Education (Wilder)

    0.73 miles

  • South High School

    0.94 miles

  • Hiawatha Leadership Academy Northrop

    1.02 miles

  • Green Central Dual Language Elementary

    1.05 miles

  • Nokomis Child Care Center

    0.28 miles

  • Jardin Spanish Immersion Academy

    0.35 miles

  • Perfect Balance Child Care

    0.37 miles

  • Sunshine Tree Child Development

    0.53 miles

  • Creative Minds Daycare

    0.74 miles

  • McKnight Early Childhood Family Development Center

    1.08 miles

  • Linkage Childcare Center

    1.20 miles

  • Hooyo Child Care Center

    1.31 miles

  • Tierra Encantada

    1.52 miles

  • Lucky Stars Child Care Services

    1.91 miles

Frequently Asked Questions

How much does 1529 E 38th Street Minneapolis cost?

The space currently listed for sale at 1529 E 38th Street Minneapolis asks for $1,200,000.

What is the total square footage of 1529 E 38th Street Minneapolis?

1529 E 38th Street Minneapolis totals 7,893 square feet.

When was this property built?

1529 E 38th Street Minneapolis was built in 1959.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Amber Lange

Amber Lange - KW - MN