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.
Closed
$748,000
2809 31st Ave S, Minneapolis, MN 55406
8beds
4baths
3,324sqft
Quadruplex
Built in 1969
-- sqft lot
$752,800 Zestimate®
$225/sqft
$1,674 Estimated rent
Home value
$752,800
$693,000 - $821,000
$1,674/mo
Zestimate® history
Owner options
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$1,674/mo
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$1,674/mo
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$4,745/mo
Est. payment
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$4,745/mo
Est. payment
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List your homeWhat's special
Asphalt parking lotUpdated finishes
Zillow last checked:
Listing updated:
Listed by:
Jonathan Soto 651-592-4303,
RE/MAX Results
Bought with:
Charles T Chesumbai
Southbridge Realty LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6697411
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Coin-op Laundry Owned
Features
- Basement: Egress Window(s),Partially Finished
Interior area
- Total structure area: 3,324
- Total interior livable area: 3,324 sqft
- Finished area above ground: 3,324
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt, Open
- Has uncovered spaces: Yes
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: Chain Link,Partial
Lot
- Size: 6,969 Square Feet
- Dimensions: 48 x 132
Details
- Foundation area: 1632
- Parcel number: 3102923330064
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: South Minneapolis Add
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $572,000
- Annual tax amount: $11,737
- Date on market: 4/8/2025
- Cumulative days on market: 84 days
- Tenant pays: Cable TV, Electricity, Other
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Pending sale | $749,990+0.3%$226/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6697411 Report a problem | ||
| 5/6/2025 | Sold | $748,000-0.3%$225/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697411 Report a problem | ||
| 4/8/2025 | Listed for sale | $749,990+7.1%$226/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6697411 Report a problem | ||
| 8/4/2022 | Sold | $700,000+7.7%$211/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6203732 Report a problem | ||
| 6/6/2022 | Pending sale | $650,000$196/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6203732 Report a problem | ||
| 6/3/2022 | Listed for sale | $650,000+30%$196/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6203732 Report a problem | ||
| 12/3/2019 | Sold | $500,000+324%$150/sqft |
Source: Public Record Report a problem | ||
| 6/6/2013 | Sold | $117,926-13%$35/sqft |
Source: Public Record Report a problem | ||
| 3/17/1998 | Sold | $135,500$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,641 +7.7% | $572,000 -7% |
| 2024 | $11,737 +15.6% | $615,000 -9.7% |
| 2023 | $10,153 +7.1% | $681,000 +8% |
| 2022 | $9,479 -1.2% | $630,600 +13% |
| 2021 | $9,590 +6.3% | $558,000 -4.9% |
| 2020 | $9,023 -5.9% | $587,000 +15% |
| 2019 | $9,590 +6.3% | $510,500 +12% |
| 2018 | $9,023 +20.9% | $456,000 +21% |
| 2017 | $7,464 +5.6% | $377,000 +5% |
| 2016 | $7,067 +1.8% | $359,000 +15.1% |
| 2015 | $6,943 +9.7% | $312,000 |
| 2014 | $6,331 -7.6% | $312,000 |
| 2013 | $6,852 -7.5% | $312,000 -10% |
| 2012 | $7,405 -0.4% | $346,500 -4.9% |
| 2011 | $7,431 +4% | $364,500 -9.2% |
| 2010 | $7,145 -1.1% | $401,500 |
| 2009 | $7,224 +18.5% | $401,500 +14.9% |
| 2006 | $6,097 -5.2% | $349,500 |
| 2005 | $6,430 +2.3% | $349,500 +9.9% |
| 2004 | $6,288 +7.5% | $318,000 +30.1% |
| 2002 | $5,851 -47.9% | $244,500 |
| 2001 | $11,237 | -- |
Find assessor info on the county website
Neighborhood: Longfellow
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Nearby schools
GreatSchools rating
- 1/10Anishinabe AcademyGrades: PK-5Distance: 0.1 mi
- NAAndersen CommunityGrades: PK-8Distance: 1.6 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$752,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$752,800
- Minnesota
- Hennepin County
- Minneapolis
- 55406
- Longfellow
- 2809 31st Ave S
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