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Commercial > Multi-family / Apartments
Active
08/14/2025
List Price
$699,000

2818 31st St
Minneapolis, MN 55406

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    • 10
      Beds
    • -
      Bath
    • 3,026
      ft²
      Living Area
    • 4,356
      ft²
      Lot Size
    • -
      Pool
    • -
      Car
    • 1960
      Year Built
    • 144
      DOM
    • -
      Permit
    2818 31st St, Minneapolis, MN 55406 is a 10 bed, 3,026 ft² multi-family/apartments property built in 1960 on a 0.100 acre lot. This multi-family/apartments is currently on the market for $699,000.

      MLS Description

      The listing agent's description. Original Listing

      Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!

      Listing Agents

      The listing agent for 2818 31st St is Michael Moe.

        MM

        Michael Moe

        Keller Williams Classic Rlty NW

        Phone: (763) 657-4444

      Current Ownership

      Information about the current owner(s).

      • Taxes Billed

        Taxes billed in 2025$11,051.60
        From latest Total Assessed Value1.82%
        Total Assessed Value$606,000
        =
        Land
        Assessed Value        $63,100
        +
        Additions
        Assessed Value        $542,900

        • In 2025, taxes billed for 2818 31st St were $11,051.6, which is 1.82% from latest Total Assessed Value of $606,000.

      Property History

      2818 31st St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

      Property Events

      Environment

      Environmental factors around 2818 31st St

      • Hazard Risks

        Hail
        150
        Tornado
        141
        Carb Mono
        110
        Nat'l Avg
        100
        Wind
        96
        Air Pollution
        89
        Ozone
        87
        Lead
        83
        Particulates
        80
        Weather
        66
        Earthquake
        12
        Hurricane
        0

        • 11 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 2818 31st St.

        Walkability Index

        17 /20

        Very Walkable

        Most Walkable

        20-18

        Very Walkable

        17-15

        Somewhat Walkable

        14-10

        Car Dependent

        9-0

        2818 31st St has a walkability score of 17 out of 20, which means that it is in a very walkable area.

        Temperature

        Seasonal temperature sampled over multiple years

        Winter
        Average

        17 °F

        Low

        8°F

        High

        26°F

        Summer
        Average

        71 °F

        Low

        60°F

        High

        82°F

        In the winter at 2818 31st St, temperatures range from 7.6°F to 25.96°F with an average of 16.78°F. In the summer, the temperature ranges from 59.75°F to 82.02°F with and average of 70.89°F.

      School Information

      Public/private schools serving 2818 31st St

        Public Schools

        Andersen United Middle School
        Grades: 6-8
        1.45  mi
        South High School
        Grades: 9-12
        0.67  mi
        B-
        Michael Dowling Elementary School
        Grades: KG-5
        1.66  mi
        C
        Anishinabe Academy
        Grades: PK-5
        0.45  mi
        F
        * The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.

        Nearby public schools serving 2818 31st St have ratings undefined, undefined, undefined, and undefined.

      Neighborhood

      This property is located in Longfellow, Minneapolis, MN 55406.

        Crime Index for 55406

        108

        Above national average
        108

        The crime index in 55406 is 108, which is 1.1 times higher than national average.

      • Seasonal Housing units 55406

        11%

        of housing is for seasonal rent.

        Daytime Population for 55406

        -3%

        of people during work hours.

      Market Trends

      Historical market data near 2818 31st St over selected time period.

      Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

      Nearby Properties on 31st St

      USAMNHennepin CountyMinneapolis31st St