3948 Oakland Avenue, Minneapolis, MN 55407 (MLS# 6826530)

3948 Oakland Avenue, Minneapolis, MN 55407

$640,000
Property Type: Commercial Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $640,000 List Date: 1/02/2026 Last Modified: 8/27/2026

Overview

Description

3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.

Listing Details MLS# 6826530

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
1920
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
5074
Garage Stalls
4
For Sale or Lease
For Sale
Acres
0.12
Lot Dimensions
43 x 118 x 43 x 118
Assessment Pending
Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lock Box Type: Combo On Site Utilities: Electric Separate Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
640000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3948
Street Name
Oakland
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Abbotts & Sundbys Add

Assessments

Tax With Assessments
2310

Building Information

Building Finished SqFt
3915

More Information

Income and Expenses

Annual Gross Expenses
36349
Annual Gross Income
80651
Annual Net Income
44302

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
11
Township#
28

Sale Options

Sale Includes
Building

Unit 2

No. of 2 Bedroom Units
3

Unit 3

No. of 3 Bedroom Units
Yes

Unit Details

Total Units
5
IDX
Listing Office: MRG Realty Partners, LLC
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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