43,332 sqft

$5,600,000

2870 & 2876 & 2882 Humboldt Avenue S, Minneapolis MN, 55408

Price per sqft$129.23

Built in1915

Property size43,332 sqft

Property typeCommercial

Courtesy of RE/MAX Results, Mark K Hulsey Listing Contact:

Overview

Active

Listed Jul 10, 2026

Updated 10h ago

* Call For Offers Date: August 21 by 5:00 PM * Sale Price: Negotiable * Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio * Located on a 0.49-acre site totaling approximately 21,344 sf * Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail * Longtime family-owned asset * 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom. * 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015) * Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies * Perfect 1031 Tax exchange and Investment * Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency) * Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurant, retail, entertainment, parks & transit * Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.

Other Property Details

Taxes: $130,803
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:29 AM UTC on 9/15/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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