2757 Fremont AVE S, Minneapolis, MN 55408
2757 Fremont AVE S, Minneapolis, MN 55408
2757 Fremont AVE S, Minneapolis, MN 55408
54
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$599,900
Est. payment /mo
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5 Beds
4 Baths
2,872 SqFt
Coming Soon

2757 Fremont AVE S Minneapolis, MN 55408

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,872 sqft

Price per Sqft $208

MLS Listing ID 7060719

Bedrooms 5

Year Built 1900

Annual Tax Amount $9,487

Tax Year 2026

Contingent None

Lot Size 3,049 Sqft

Lot Dimensions 40x85

Property Sub-Type Triplex

Property Description

Cash-flowing investment opportunity you've been waiting for. This rare, fully legal triplex in the heart of Uptown delivers a true 10.3% cap rate with a proven, diversified income stream. Located just blocks from the lakes in one of Minneapolis' most walkable neighborhoods, this is a turnkey asset that performs from day one. Includes (2) 1 bedroom, 1 bath units and (1) spacious 3 bedroom, 2 bath unit, all generating strong, consistent rents. One of the two 1 bedroom unit operates as a highly successful Airbnb, averaging $2,800 per month, with a 13 year track record and “Guest Favorite” status. (see supplements for more info) The transition is seamless with furnishings, professional photos, a dedicated cleaning company, and established systems all included so you can continue generating income immediately.
The remaining units are leased at $1,450 and $2,100, providing reliable long term income with room for future upside. Unit 1 (1 bedroom) is Airbnb. Unit 2 (3 bedroom) is Leased through September and Unit 3 (1 bedroom) is currently month to month. offering flexibility for an owner occupant or an investor looking to optimize returns. Extensive updates make this a true plug and play investment. Improvements include new kitchens, updated bathrooms, fresh paint throughout, a brand new roof, and a new boiler system. Most mechanicals and utilities have been updated within the past five years, helping minimize near term expenses and simplify ownership. Each unit has its own private entrance, increasing tenant appeal and flexibility. On street parking is easy and readily available, with potential to explore adding an off street space on the southeast corner of the lot with city approval. Tenant storage and laundry in the shared basement. Fully licensed and legally zoned as a triplex, which is increasingly rare in this area, this property offers both stability and long term investment confidence. Whether you are expanding your portfolio or looking for a high performing asset in a prime location, this is a standout opportunity in one of Minneapolis' most desirable rental markets.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Partial, Shared Access, Storage Space, Unfinished

Interior

Heating Boiler

Fireplace No

Laundry In Basement, Common Area, Lower Level

Exterior

Parking Features On-Street Parking Only

Fence None

Pool None

Roof Type Age 8 Years or Less

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light

Story Two

Foundation 1347

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Stone

New Construction false

Schools

School District Minneapolis


Listed by Maria Palmer • Edina Realty, Inc.
NEARBY SCHOOL & BUSINESS
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Cam Kelly

Cam Kelly

Real Estate Advisor | License ID: 95162-94

+1(608) 399-2629

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2757 Fremont AVE S