3125 Colfax Ave S Minneapolis, MN 55408

Listing details for 3125 Colfax Ave S, Minneapolis, MN 55408 : 10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown! Income opportunity: increase laundry load cost from $1.00 to $1.75, charge for off-street parking and storage locker rental.