Minnesota / Minneapolis / 55408 / 3341 Nicollet Avenue

3341 Nicollet Avenue

Q: What is the asking price for 3341 Nicollet Avenue in Minneapolis?

The asking price for 3341 Nicollet Avenue is $1,699,000

Q: What is the building size of this Multifamily property in Minneapolis, MN?

The size of the building/unit at 3341 Nicollet Avenue in Minneapolis is 5,250 square feet.

Q: How much land does the Minneapolis, MN property at 3341 Nicollet Avenue include?

3341 Nicollet Avenue in Minneapolis includes 0.130 acres of land.

Q: What is the population within 1 mile of 3341 Nicollet Avenue?

The population within 1 mile of 3341 Nicollet Avenue Minneapolis, MN 55408 is 43,377 people.

Q: Who do I contact for questions about 3341 Nicollet Avenue?

You should contact the listing agent, Chad Heer , for any details regarding this commercial listing.

Minneapolis, MN 55408

Listing ID: 269580

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Building Size: 5,250 SF

Lot Size: 0.130 AC

Land Size: 5,662 SF

Building $/SF: $323.62

Land $/SF: $300.07

Price

$1,699,000

Property Highlights

5 Licensed units, 1 unlicensed unit used by owner for Airbnb

Gross income as operated is $147,240 with short term rental

6 off street dedicated parking spaces

Two buildings main bldg and carriage house

All units except the lower level short term rental unit are 2 bedrooms. Two units have two baths.

Description

Exc investment/quality living opp! This 4Plex+LL Unit Amenity* & 2 level Carriage House was recently renovated utilizing all the space has to offer. Intentional, innovative design supported by well made natural materials. This renovation has attracted solid long-term residents. One of the highest quality historic renovations you will ever see; a result of the vision of architects, interior designers, and skilled contractors. Each unit has exposed wood beams, separate entrance, deck, HVAC/ mech., central air, in-unit W/D, off-street parking, and more. Ideal for 1031 exch, owner-occ., non-owner occ., or condo conversion. Owner has enjoyed annual income of $117K-*$142K depending on short term/long term rental and how LL Amenity is used. EXCEPTIONAL resident quality/payment history. Pride in ownership and tenancy abounds! Dont miss the full build virt tours in lieu of showings. Unocc duplex just south of parking area is potentially also for sale via same owner.
Marketing on behalf of Paul Olson | (651) 403-1032 | The Odd Couple Team | Keller Williams Integrity Realty

Attachments & Files

3341nicollet5unitsalebrochure-j9B-cjw.pdf

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Minneapolis History of Multifamily Housing for Sale

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Listing Demographics for 3341 Nicollet Avenue Minneapolis, MN 55408

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		43,377	245,045	498,347
Population Median Age		33	36	36
Population by Age	0-9 Yrs	5627 (12%)	28913 (11%)	57946 (11%)
	10-19 Yrs	4227 (9%)	25259 (10%)	54459 (10%)
	20-29 Yrs	11108 (25%)	51821 (21%)	106933 (21%)
	30-39 Yrs	8836 (20%)	46479 (18%)	87099 (17%)
	40-49 Yrs	5167 (11%)	28238 (11%)	56134 (11%)
	50-59 Yrs	3724 (8%)	26674 (10%)	53191 (10%)
	60-69 Yrs	2544 (5%)	21686 (8%)	45816 (9%)
	70+ Yrs	2143 (4%)	15975 (6%)	36770 (7%)

Median HH Income		$54,932	$64,076	$68,514
Total Household Income	< 24K	3814 (21%)	23078 (21%)	42331 (19%)
	25-49K	4281 (23%)	21371 (19%)	39749 (18%)
	50-74K	3652 (20%)	17526 (15%)	33156 (15%)
	75-99K	2162 (12%)	12776 (11%)	26121 (12%)
	100-199K	3264 (18%)	23392 (21%)	50251 (23%)
	200K+	773 (4%)	11634 (10%)	22529 (10%)

Highest Education Level	No Diploma	5045	17069	27673
	Diploma or GED	4532	22202	45256
	Some College	5027	26757	53972
	Assoc. Degree	2134	11181	23170
	Bachelors Degree	7919	56119	112191
	Higher Degree	4330	38353	76506

Total Housing Units		19,250	116,809	227,347
--Owner-Occupied		5,611	47,010	104,545
--Renter-Occupied		12,336	62,766	109,591
Owner-Occupied Values	< 100K	311	1949	4119
	100-199K	1630	9565	20849
	200-299K	1924	13039	32242
	300-399K	1151	8527	19341
	400-499K	445	4962	10510
	500K+	150	8967	17484

Total Working Age Population		34,937	202,873	412,051
In Work Force		27,768	153,075	305,158
Not In Work Force		7,169	49,798	106,893
Workforce Employed		26,351	145,766	291,498
Workforce Unemployed		1,417	7,268	13,586
Civlian Workforce		27,768	153,034	305,084
Military Workforce		0	41	74

Total Households		17,947	109,776	214,136
Family Households		7,563	45,551	97,285
Non-Family Households		10,384	64,225	116,851
Married Couple		4,734	33,111	72,067
Other Family		2,829	12,439	25,218
Married w/Child		2,217	13,542	30,099
Single Male w/Child		353	1,402	3,017
Single Female w/Child		1,226	5,605	11,035

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Minnesota	4,919,479	+8	5,303,925	+7	5,687,161	+5	5,974,304
Dakota County	355,904	+12	398,552	+9	434,203	+7	463,564
Hennepin County	1,116,200	+3	1,152,425	+12	1,294,371	+9	1,407,332
Ramsey County	511,035	0	508,640	+12	567,959	+9	616,408

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 3341 Nicollet Avenue in Minneapolis?

The asking price for 3341 Nicollet Avenue is $1,699,000

What is the building size of this Multifamily property in Minneapolis, MN?

The size of the building/unit at 3341 Nicollet Avenue in Minneapolis is 5,250 square feet

How much land does the Minneapolis, MN property at 3341 Nicollet Avenue include?

3341 Nicollet Avenue in Minneapolis includes 0.130 acres of land

What is the population within 1 mile of 3341 Nicollet Avenue in Minneapolis?

The population within 1 mile of 3341 Nicollet Avenue Minneapolis, MN 55408 is 43,377 people.

Who do I contact for questions about 3341 Nicollet Avenue?

You should contact the listing agent, Chad Heer , for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP)	5
Rochester International Airport (RST)	81
Duluth International Airport (DLH)	141