$5,600,000$
2870 & 2876 & 2882 Humboldt S Avenue
Minneapolis, MN, 55408
About 2870 & 2876 & 2882 Humboldt S Avenue
* Sale Price: $5,600,000
* 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.
* 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 Provided Courtesy of RE/MAX Results
2870 & 2876 & 2882 Humboldt S Avenue Property Details
Price:
$5,600,000
MLS #:
NST7107359
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subdivision:
Deans Add
Neighborhood:
eastisles
Listed Date:
Jul 10, 2026
Total Sq Ft:
43,332
Lot Size:
21,344 sqft / 0.49 acres (approx)
Year Built:
1915
Schools
School District:
Minneapolis
Interior Features
Heating
Boiler
Exterior & Lot Features
Accessibility Features
None
Exterior Features
Stone
Parking Features
Parking Lot
Property Taxes & Financial Details
Tax Year
2026
Taxes
$130,803
Location
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2870 & 2876 & 2882 Humboldt S Avenue
Minneapolis, MN
