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$1,225,000

  • For Sale
  • Active
  • Commercial
  • 5,040 Sq. Ft.
  • 0.29 Acres
  • Updated 7 days ago
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12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.

Full Property Details for 3021 Longfellow Ave

General

  • Price: $1,225,000
  • Taxes: $7,578 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7088925
  • Updated: 6/8/2026
  • Added to Site: 8 day(s) ago

Parking

  • Parking Features: Parking Lot, Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Minnehaha Add
  • Neighborhood: 16
  • Driving Directions: From I-35W, take the Lake Street exit and head east on Lake Street, then turn right on Longfellow Avenue South and proceed to 3021 Longfellow Ave S on your right.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Foundation Size: 1680
  • Disability Access: None
  • Square Feet: 5,040
  • Finished Down/Base.: 5,040 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Dimensions: 100.00 x 125.00
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $54,389
  • Tax Amount: $7,578.28
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 003 MINNEHAHA ADDN TO MPLS LOTS 7 AND 8
  • Inclusions: Building, Fixture/Equipment, Rental License
  • Property ID: 102824220029

Listed by Commercial Investors Group LLC

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Listing agent

— 3021 Longfellow Ave —

  • Commercial Investors Group LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3021 Longfellow Ave

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.7 mi
Folwell Arts Magnet
3611 20th Avenue South, Minneapolis, MN 55407
PK-50.7 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3021 Longfellow Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/08/2026
Listed
$1,225,000
37.95%
MLS
2/28/2017
Sold
$888,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3021 Longfellow Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,349
-52%
$1,181,000
1051%
2023
$13,294
-43%
$102,600
-93%
2023
$23,222
—
$1,404,400
11%
2023
$23,222
21%
$1,263,000
16%
2020
$19,190
12%
$1,085,000
15%
2019
$17,124
17%
$943,000
18%
2018
$14,655
5%
$799,000
8%
2017
$13,955
36%
$740,000
40%
2016
$10,289
7%
$528,000
13%
2015
$9,579
-7%
$468,500
—
2014
$10,301
—
$468,500
—
2013
$10,254
—
$468,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Commercial Investors Group LLC

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3021 Longfellow Avenue, Minneapolis, MN 55407 (MLS# 7088925) is a Commercial property. 3021 Longfellow Avenue is currently listed for $1,225,000 and was received on June 08, 2026. Want to learn more about 3021 Longfellow Avenue? Do you have questions about finding other Commercial real estate for sale in Corcoran? You can browse all Corcoran real estate or contact a Coldwell Banker agent to request more information.

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