Multifamily Housing
3341 Nicollet Avenue Minneapolis, MN 55408
Details & Description
Price: $1,699,000
    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
    Property Highlights
     All units except the lower level short term rental unit are 2 bedrooms. Two units have two baths.
     5 Licensed units, 1 unlicensed unit used by owner for Airbnb
    Additional Photos
    Listing Agents
    Chad Heer

    O: 612-963-5147
    chadheer@kwcommercial.com
    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.

    3341 Nicollet Avenue

    Minneapolis, MN 55408

    Listing ID: 269580
    • 3341 Nicollet Avenue Minneapolis, MN 55408 | for Sale | Photo 1
    • 3341 Nicollet Avenue Minneapolis, MN 55408 | for Sale | Photo 2
    • 3341 Nicollet Avenue Minneapolis, MN 55408 | for Sale | Photo 3
    • 3341 Nicollet Avenue Minneapolis, MN 55408 | for Sale | Photo 4
    3341 Nicollet Avenue | for Sale | Thumbnail 1
    3341 Nicollet Avenue | for Sale | Thumbnail 2
    3341 Nicollet Avenue | for Sale | Thumbnail 3
    3341 Nicollet Avenue | for Sale | Thumbnail 4
    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

    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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    Minneapolis Area Market Trends

    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 Population43,377245,045498,347
    Population Median Age333636
    Population by Age0-9 Yrs5627 (12%)28913 (11%)57946 (11%)
    10-19 Yrs4227 (9%)25259 (10%)54459 (10%)
    20-29 Yrs11108 (25%)51821 (21%)106933 (21%)
    30-39 Yrs8836 (20%)46479 (18%)87099 (17%)
    40-49 Yrs5167 (11%)28238 (11%)56134 (11%)
    50-59 Yrs3724 (8%)26674 (10%)53191 (10%)
    60-69 Yrs2544 (5%)21686 (8%)45816 (9%)
    70+ Yrs2143 (4%)15975 (6%)36770 (7%)
    Median HH Income$54,932$64,076$68,514
    Total Household Income< 24K3814 (21%)23078 (21%)42331 (19%)
    25-49K4281 (23%)21371 (19%)39749 (18%)
    50-74K3652 (20%)17526 (15%)33156 (15%)
    75-99K2162 (12%)12776 (11%)26121 (12%)
    100-199K3264 (18%)23392 (21%)50251 (23%)
    200K+773 (4%)11634 (10%)22529 (10%)
    Highest Education LevelNo Diploma50451706927673
    Diploma or GED45322220245256
    Some College50272675753972
    Assoc. Degree21341118123170
    Bachelors Degree791956119112191
    Higher Degree43303835376506
    Total Housing Units19,250116,809227,347
    --Owner-Occupied5,61147,010104,545
    --Renter-Occupied12,33662,766109,591
    Owner-Occupied Values< 100K31119494119
    100-199K1630956520849
    200-299K19241303932242
    300-399K1151852719341
    400-499K445496210510
    500K+150896717484
    Total Working Age Population34,937202,873412,051
    In Work Force27,768153,075305,158
    Not In Work Force7,16949,798106,893
    Workforce Employed26,351145,766291,498
    Workforce Unemployed1,4177,26813,586
    Civlian Workforce27,768153,034305,084
    Military Workforce04174
    Total Households17,947109,776214,136
    Family Households7,56345,55197,285
    Non-Family Households10,38464,225116,851
    Married Couple4,73433,11172,067
    Other Family2,82912,43925,218
    Married w/Child2,21713,54230,099
    Single Male w/Child3531,4023,017
    Single Female w/Child1,2265,60511,035

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Minnesota4,919,479+85,303,925+75,687,161+55,974,304
    Dakota County355,904+12398,552+9434,203+7463,564
    Hennepin County1,116,200+31,152,425+121,294,371+91,407,332
    Ramsey County511,0350508,640+12567,959+9616,408

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    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
    Price
    $1,699,000
    Listing Agent
    More listings from Chad Heer
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