2809 S 31st Ave
Active Under Contract
Active Under Contract
Description
Rare chance to acquire a solid, all-brick 4-plex in the highly sought-after Longfellow neighborhood. This property features four 2-bedroom units with similar layouts and updated finishes—ideal for reliable, consistent cash flow from day one. This building offers minimal maintenance and reduced upfront costs. The lower level includes a roughed-in 5th unit with two rooms, egress windows, and an existing bathroom—presenting a significant value-add...Turn-Key 4-Plex Investment Opportunity in Longfellow
Rare chance to acquire a solid, all-brick 4-plex in the highly sought-after Longfellow neighborhood. This property features four 2-bedroom units with similar layouts and updated finishes—ideal for reliable, consistent cash flow from day one. This building offers minimal maintenance and reduced upfront costs. The lower level includes a roughed-in 5th unit with two rooms, egress windows, and an existing bathroom—presenting a significant value-add opportunity (buyer to verify). An asphalt parking lot at the rear. Located in a strong rental market with high demand and solid long-term appreciation. Whether you’re looking to house-hack, expand your portfolio, or 1031 into a stabilized asset with upside, this one checks all the boxes.
- Listed by RE/MAX Results
Property Details for 2809 South 31st Avenue
Property Details for 2809 South 31st Avenue
| Status | Active Under Contract |
|---|---|
| MLS # | 6697411 |
| Days on Compass | 6 |
| Taxes | $11,737 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1969 |
| Lot Size | 0.16 AC / 6,969 SF |
| County | Hennepin County |
Location
Building Information for 2809 South 31st Avenue
Payment Calculator
$4,908 per month
30 year fixed, 6.845% Interest
$3,930
$978
$0
Property Information for 2809 South 31st Avenue
- City Name: Minneapolis
- County Or Parish: Hennepin
- County: Hennepin-MN
- Directions: Lake Street To 31st Avenue To Home
- Latitude: 44.951534
- Longitude: -93.226658
- Map Coordinate: 107-A4
- Map Coordinate Source: King's Street Atlas
- City and Location: Minneapolis
- City and Location Text: Minneapolis(MN)
- Postal Code: 55406
- State Or Province: MN
- Public Survey Township: 29
- Additional Parcels: No
- Parcel Number: 3102923330064
- Tax Annual Amount: $11,737.00
- Tax Legal Description: LOT 022 BLOCK 003 SOUTH MINNEAPOLIS ADDN TO MPLS
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2024
- Tax With Assessments: 11737.0000
- High School District: 1 - Minneapolis
- School District Number: 1
- School District Phone: 612-668-0000
- Above Grade Fin SQFT: 3324.0
- Below Grade Fin SQFT: 0.0
- SQFT Total: 3324.0
- Lot Size Area: 0.16
- Lot Size Dimensions: 48 X 132
- Lot Size Units: Acres
- Present Use: Yearly
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- SQFT Main Total: 1632.0000
- Building Area Total: 4956.0
- Above Grade SqFt Total: 3324.0000
- Below Grade SqFt Total: 1632.0000
- Age Of Property: 56
- Electric: 200+ Amp Service
- Sewer: City Sewer/Connected
- Water Source: City Water/Connected
- Accessibility Features: None
- Association Amenities: Coin-op Laundry Owned
- Fencing: Chain Link, Partial
- Foundation Area: 1632.0
- Fuel: Natural Gas
- Road Frontage Type: City Street, Paved Streets, Sidewalks
- Roof: Asphalt
- Basement Type: Egress Window(s), Partially Finished
- DP Resource: Y
- Garage Dimensions: 0
- Garage Door Height: 0
- Garage Door Width: 0
- Garage Square Feet: 0
- Heating: Boiler
- Levels: Two
- Number of Refrigerator: Four
- Basement YN: Yes
- Unit Appl: Microwave,Range
- Unit Bath 3Qtr: 0
- Unit Bath Full: 1
- Unit Bath Half: 0
- Unit Bath Qtr: 0
- Unit Monthly Expenses: 65.00
- Unit Fireplace Num: 0
- Unit Room Spec: Renovated
- Unit Rooms Total: 4
- Unit SqFt: 725
- Unit Type Actual Rent: $1,750.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Units Total: 4
- Bedroom 1 Room Dimensions: 11x10
- Bedroom 1 Room Level: Main (Ground)
- Bedroom 2 Room Dimensions: 8x11
- Bedroom 2 Room Level: Main (Ground)
- Dining Room Level: Main (Ground)
- Kitchen Room Dimensions: 8x9
- Kitchen Room Level: Main (Ground)
- Licing Room Dimensions: 12x22
- Living Room Level: Main (Ground)
- Unit Type Total Rent: 21000
- Unit Furnished: No
Property History for 2809 South 31st Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 5, 2025 | Sold (Public Record) Public Record #1557827548 | $748,000 | +2.4% / yr |
| Apr 14, 2025 | In Contract NorthStar #6697411 | — | |
| Apr 8, 2025 | Price Change NorthStar #6697411 | $749,990 | — |
| Apr 8, 2025 | Listed (Active) NorthStar #6697411 | — | |
| Aug 4, 2022 | Sold (Public Record) Public Record #1495486916 | $700,000 | +13.3% / yr |
| Aug 4, 2022 | Sold NorthStar #6203732 | $700,000 | — |
| Jul 22, 2022 | Pending NorthStar #6203732 | — | |
| May 27, 2022 | Listed (Active) NorthStar #6203732 | $650,000 | — |
| Nov 27, 2019 | Sold (Public Record) Public Record #658369987 | $500,000 | — |
| Feb 17, 1998 | Sold NorthStar #1319434 | $135,500 | — |
| Jan 22, 1998 | Listed (Active) NorthStar #1319434 | $132,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/05/2025 | Sold (Public Record) Public Record #1557827548 | $748,000 +2.4% / yr |
| 04/14/2025 | In Contract NorthStar #6697411 | — |
| 04/08/2025 | Price Change NorthStar #6697411 | $749,990 |
| 04/08/2025 | Listed (Active) NorthStar #6697411 | — |
| 08/04/2022 | Sold (Public Record) Public Record #1495486916 | $700,000 +13.3% / yr |
| 08/04/2022 | Sold NorthStar #6203732 | $700,000 |
| 07/22/2022 | Pending NorthStar #6203732 | — |
| 05/27/2022 | Listed (Active) NorthStar #6203732 | $650,000 |
| 11/27/2019 | Sold (Public Record) Public Record #658369987 | $500,000 |
| 02/17/1998 | Sold NorthStar #1319434 | $135,500 |
| 01/22/1998 | Listed (Active) NorthStar #1319434 | $132,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2809 South 31st Avenue
Schools near 2809 South 31st Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Dowling Elementary School PublicK to 5 | ||
Andersen Middle Public6 to 8 | ||
South Senior High School Public9 to 12 | ||
Sullivan Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/28/2025 09:37 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.
