3606 E 34th Street, Minneapolis, Minnesota 55406

MN, Minneapolis
$749,000
  • Commercial Sale Property Type
  • 1963 Year Built
  • Active Status
See All 34 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7068138
  • Price: $749,000
  • Year Built: 1963
  • Listing Status: Active
  • Office Name: Apartment Cash Flow, Inc.
  • Roof: Flat,Age Over 8 Years
Features
  • Heating System Zoned,Hot Water,Boiler
  • Cooling System Wall Unit(s)
  • Basement Full,Finished,Block,Egress Window(s)
  • Fence None
  • Parking Paved Lot
  • Utilities Electric Separate,Heating Common,Hot Water Common
  • Exterior Features Stone,Stucco
  • Flooring Tile,Luxury Vinyl Plank
  • Sewer City Sewer/Connected
Appliances
  • Dishwasher
  • Refrigerator
  • Range
  • Stainless Steel Appliances
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City Minneapolis
  • Zipcode 55406
  • Street: 34th
  • Street Number: 3606
  • Street Suffix: Street
  • Longitude: W94° 46' 48.2''
  • Latitude: N44° 56' 29.9''
  • Directions: Hiawatha Ave to East 32nd Street / Go East to 36th Avenue South / South to 34th Street East / Across from Longfellow Park
  • Street Dir Prefix: E
Neighborhood
  • High School District: Minneapolis
MLS Addon
  • Office Name: Apartment Cash Flow, Inc.
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 5500
  • Construction Materials: Block,Brick
  • Current Use: Residential
  • Foundation Details: Block
  • Levels: Three Or More
  • Lot Size Dimensions: 74 x 75
  • Number Of Units Total: 6
  • Possible Use: Income
Financial
  • Tax Annual Amount: 10988
Listing Information
  • List Agent Mls Id: 506069385
  • List Office Mls Id: 27376
  • Modification Timestamp: 2026-10-01T12:53:06Z
  • Originating System Name: NorthStar
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