2870 & 2876 & 2882 Humboldt Avenue S, Minneapolis, MN 55408

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2870 & 2876 & 2882 Humboldt Avenue S, Minneapolis, MN 55408

$5,600,000

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Property Type: Commercial Square Footage: 43,332 Lot Size (sq. ft.): 21,344 Status: Active

Current Price: $5,600,000 List Date: 7/10/2026 Last Modified: 9/14/2026

Overview

Description

* Call For Offers Date: August 21 by 5:00 PM * Sale Price: Negotiable * 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 Aven ... (Read more)

Listing Details MLS# 7107359

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Waterfront YN: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3611
For Sale or Lease: For Sale
Acres: 0.49
Lot Dimensions: 128X168
Assessment Pending: No

Property Features

Accessible: None CMU Style: Apartments/Multi Family; Freestanding Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Concrete Perimeter Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 5600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2870 & 2876 & 2882
Street Name: Humboldt
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Deans Add

Additional Parcels Information

Property ID #2: 3302924340015
Property ID #3: 3302924340016

Assessments

Tax With Assessments: 130803

More Information

Basement

Foundation Dimensions: 168x128

Building Information

Building Finished SqFt: 43332
Building SqFt: 43332

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 33
Township#: 29

Sale Options

Sale Includes: Building, Leases

Unit 1

No. of 1 Bedroom Units: 41

Unit 2

No. of 2 Bedroom Units: Yes

Unit Details

Total Units: 60

Unit Information

No. of Efficiency Units: 18

Listing Office: RE/MAX Results

Last Updated: September - 14 - 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.