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

$1
Active
 |  MLS # 7107359
Active
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About The Listing

* 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.


Listing courtesy of Mark K Hulsey, RE/MAX Results
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1915
MLS #: 7107359
Garage Spaces: 0
Parking Description: Parking Lot
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Boiler
Foundation Type: Concrete Perimeter
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 07/13/2026
List Date: 07/10/2026
Listing Agent ID: 502019808
Listing Office: RE/MAX Results
Listing Office ID: 5057
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Exterior Features: Stone
Lot Dimensions: 128X168
Lot Size: 0.49 Acres
School District: Minneapolis
Tax Year: 2026
Estimated Taxes: $130,803
Contingency Type: None
City: Minneapolis
Zip: 55408
County: Hennepin
Subdivision: Deans Add
State: MN
Listing last updated: 07/13/26

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