1529 E 38th Street Minneapolis

For Sale

1529 E 38th St, Minneapolis, MN 55407

This Minneapolis property for sale is located at 1529 E 38th St. The general use of 1529 E 38th Street Minneapolis is multi-family and it incorporates 7,893 square feet of class C multi-family space. The current listed sale price for 1529 E 38th Street Minneapolis is $1,200,000. 1529 E 38th Street Minneapolis is situated on a lot that is 0.2 acre in size.

Contacts

broker
Amber Lange

Amber Lange - KW - MN

Property Details

  • Property Type Multi-Family
  • Property Size 7,893 SF
  • Units 11
  • Lot Size 0.2 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1959
  • Year Renovated 2024
  • Date Updated Dec 31, 2024
Immerse yourself in the enticing surroundings of our location in Minneapolis, MN. Nestled near the vibrant E 38th Street, the area offers an array of dining options, including popular establishments like Hi-Lo Diner and Northbound Smokehouse & Brewpub, ideal for casual get-togethers or date nights. Embrace the local arts and culture scene at the nearby Minneapolis Institute of Art and explore the diverse culinary offerings at the iconic Midtown Global Market. Convenient access to major roadways and public transit makes commuting a breeze, catering to the needs of modern urban living. With an abundance of amenities and attractions, this neighborhood provides an appealing setting for those seeking a dynamic and connected community.Great cash flowing investment opportunity for sale in Minneapolis! This 11 unit apartment building has 1-bedroom and 1-bathroom in each unit. This building has been very well maintained and has over $200k in recent capital improvements! Each unit has been updated along with all the common areas. Recent building improvements include a concrete surface parking lot, high efficiency boiler and zone valves, roof, gutters, soffits, downspouts, windows, new electrical panels in each unit and separately metered electrical. Conveniently located close to restaurants, highways, public transportation, shopping, parks and more. Don’t miss this opportunity to own a quality multifamily property!
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Highlights

  • - 7,893 SF multifamily building with 11 units
  • - 11 units each have 1-bedroom and 1-bathroom
  • - Zoned CM2 for commercial/multifamily use
  • - Prime location in Minneapolis/St. Paul area
  • - Currently 100% occupied
  • - Excellent investment opportunity
  • - Separately metered electrical
  • - Over $200k in recent capital improvements
  • - New roof, gutters, soffits, downspouts
  • - Newer concrete surface parking lot
  • - Newer high efficiency boiler and zone valves
  • - Newer windows
  • - New electrical panels in each unit

Getting around

  • 83/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Minneapolis, MN
  • Neighborhood Bancroft
  • Zip Code 55407
  • Market Minneapolis St Paul

Points of Interest

  • 38th Street

    1.10 miles

  • Lake Street/Midtown

    1.18 miles

  • 46th Street

    1.82 miles

  • Franklin Avenue

    1.99 miles

  • Cedar-Riverside

    2.38 miles

  • 50th Street/Minnehaha Park

    2.54 miles

  • Lakewood Cemetary Stop

    2.60 miles

  • West Bank

    2.64 miles

  • Cottage City Stop

    2.80 miles

  • 42nd St Depot

    2.85 miles

  • Arco

    0.04 miles

  • Holiday

    0.36 miles

  • Marathon Gas

    1.02 miles

  • MotoMart

    1.07 miles

  • Shell

    1.11 miles

  • Speedway

    1.23 miles

  • Winner on 46th

    1.31 miles

  • minnoco

    1.78 miles

  • ChargePoint

    2.06 miles

  • Greenlots

    2.96 miles

  • 38th St Station Waiting Lot

    1.07 miles

  • Cardinal Parking Lot

    1.07 miles

  • Overflow Parking Ramp

    1.34 miles

  • Main Parking Ramp

    1.39 miles

  • Piper Parking Lot

    1.53 miles

  • 28th St Parking

    1.53 miles

  • Lake Nokomis Pay Parking

    1.57 miles

  • Blue Ramp

    1.60 miles

  • Employee Parking Ramp

    1.61 miles

  • Green Ramp

    1.63 miles

  • Minneapolis International Hostel

    2.08 miles

  • Moxy Minneapolis Uptown

    2.29 miles

  • Hilton Garden Inn Minneapolis Downtown

    2.66 miles

  • 300 Clifton

    2.71 miles

  • Elliot Park Hotel

    2.73 miles

  • Holiday Inn Express Minneapolis Downtown Convention Center

    2.75 miles

  • Courtyard Minneapolis Downtown

    2.76 miles

  • Hotel Ivy, a Luxury Collection Hotel, Minneapolis

    2.78 miles

  • Normandy Inn & Suites

    2.81 miles

  • Millennium Hotel

    2.81 miles

  • Tare Market

    0.95 miles

  • Mercado Central

    0.98 miles

  • Seward Community Co-op Friendship Store

    0.98 miles

  • Supermercado Morelia

    0.99 miles

  • Supermercado La Mexicana

    1.01 miles

  • Lunds & Byerlys

    1.19 miles

  • Burlington

    1.21 miles

  • Halal Market

    1.28 miles

  • Target

    1.30 miles

  • ALDI

    1.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Amber Lange

Amber Lange - KW - MN

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