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$640,000

  • For Sale
  • Active
  • Commercial
  • 0.12 Acres
  • Updated 3 days ago
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3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.

Full Property Details for 3948 Oakland Ave

General

  • Price: $640,000
  • Taxes: $2,310 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6826530
  • Updated: 1/13/2026
  • Added to Site: 16 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Abbotts & Sundbys Add
  • Neighborhood: 6
  • Driving Directions: Portland Ave to 39th, east to Oakland

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Foundation Size: 5074
  • Disability Access: None
  • Current Bldg. Use: Residential
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 43 x 118 x 43 x 118
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $36,349
  • Tax Amount: $2,310
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: BLOCK 003 ABBOTTS & SUNDBYS ADDN TO MPLS LOT 13 AND N 2 FT OF LOT 14
  • Inclusions: Building
  • Property ID: 1102824220071

Listed by MRG Realty Partners, LLC

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Listing agents

— 3948 Oakland Ave —

  • MRG Realty Partners, LLC

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NMLS#: 1598647

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Be ready to buy your new home!

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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 3948 Oakland Ave

School District:Minneapolis Public School District
NameGradesDistance
Barton Open Elementary School
4237 Colfax Avenue South, Minneapolis, MN 55409
K-51.3 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.4 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3948 Oakland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/01/2026
Listed
$640,000
657.61%
MLS
4/15/2010
Sold
$84,476
—
Public Record
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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 3948 Oakland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,310
-56%
$621,000
413%
2023
$5,290
2%
$121,000
51%
2023
$5,197
—
$80,000
-84%
2023
$5,197
-35%
$486,000
10%
2020
$8,048
9%
$442,000
12%
2019
$7,403
16%
$394,500
18%
2018
$6,384
5%
$334,500
8%
2017
$6,060
1%
$309,500
—
2016
$5,985
10%
$309,500
15%
2015
$5,459
—
$269,000
8%
2014
$5,449
-1%
$249,500
—
2013
$5,480
—
$249,500
—
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 MRG Realty Partners, LLC

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3948 Oakland Avenue, Minneapolis, MN 55407 (MLS# 6826530) is a Commercial property. 3948 Oakland Avenue is currently listed for $640,000 and was received on January 01, 2026. Want to learn more about 3948 Oakland Avenue? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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