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$750,000

  • For Sale
  • Active
  • Commercial
  • 5,500 Sq. Ft.
  • 0.13 Acres
  • Updated 3 days ago
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Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Full Property Details for 3606 E 34th St

General

  • Price: $750,000
  • Taxes: $10,988 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7068138
  • Updated: 5/5/2026
  • Added to Site: 15 day(s) ago

Interior

  • Appliances: Dishwasher, Range, Refrigerator, Stainless Steel Appliances
  • Flooring: Luxury Vinyl Plank, Tile

Parking

  • Parking Features: Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Auditors Sub 237
  • Neighborhood: 44
  • Driving Directions: Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park

School Information

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

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Boiler, Hot Water, Zoned
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block, Brick
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Egress Window(s), Finished, Full
  • Foundation Size: 1750
  • Roof: Age Over 8 Years, Flat
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 5,500
  • Finished Down/Base.: 5,500 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1963

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 74 x 75
  • Frontage: City Street, Paved Streets
  • Potential Use: Income
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $29,708
  • Tax Amount: $10,988
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Heat, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 175 AUDITOR'S SUBD. NO. 237 E 73.7 FT OF LOT 175
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 602823240229

Listed by Apartment Cash Flow, Inc.

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— 3606 E 34th St —

  • Apartment Cash Flow, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

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

Schools serving 3606 E 34th St

School District:Minneapolis Public School District
NameGradesDistance
Howe Elementary School
3733 43rd Avenue South, Minneapolis, MN 55406
3-50.6 mi
Hiawatha Elementary School
4201 42nd Avenue South, Minneapolis, MN 55406
K-21.1 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-80.4 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-121 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 3606 E 34th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Listed
$750,000
31.58%
MLS
10/13/2023
Sold
$570,000
—
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 3606 E 34th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,058
87%
$610,000
-13%
2023
$11,261
-6%
$704,000
—
2023
$11,983
—
$707,000
-5%
2023
$11,983
2%
$744,000
14%
2020
$11,784
24%
$653,000
25%
2019
$9,483
11%
$522,500
12%
2018
$8,554
15%
$466,500
18%
2017
$7,413
12%
$395,500
15%
2016
$6,646
13%
$343,700
18%
2015
$5,905
-2%
$291,000
6%
2014
$6,007
-1%
$275,000
—
2013
$6,040
—
$275,000
—
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 Apartment Cash Flow, Inc.

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3606 E 34th Street, Minneapolis, MN 55406 (MLS# 7068138) is a Commercial property. 3606 E 34th Street is currently listed for $750,000 and was received on May 05, 2026. Want to learn more about 3606 E 34th Street? Do you have questions about finding other Commercial real estate for sale in Longfellow? You can browse all Longfellow real estate or contact a Coldwell Banker agent to request more information.

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