3600 Fremont Avenue N, Minneapolis, MN 55412

General Property Information

Lot Measurement: Acres
Management Company Name: EIG Property Management
Multiple PIDs?: Yes
Other Parking Spaces: 36
Owner Occupied: No
Waterfront Present: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 10000
For Sale or Lease: For Sale
Acres: Yes
Lot Dimensions: 40X90
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Appliances: Range; Refrigerator Assumable Loan: Yes w/ Qualifying CMU Style: Apartments/Multi Family; Low Rise Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone Foundation: Permanent Fuel: Natural Gas Heating: Baseboard; Boiler; Hot Water Loan Terms: Assumable; Cash; Conventional; Trade On Site Utilities: Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Paved Lot; Unassigned Rental License Type: Standard Roof: Flat; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; Heat; Sewer; Trash Collection; Water Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2940000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 3600
Street Name: Fremont
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Walton Park

Additional Parcels Information

Property ID #2: 1702924110097
Property ID #3: 0402924430149,0402924130170,0902924120015

Assessments

Tax With Assessments: 57808
Assessment Balance: 0

More Information

Building Information

Building Finished SqFt: 30000

Income and Expenses

Annual Gross Expenses: 336000
Annual Gross Income: 533000
Annual Net Income: 197000
Total Annual Expenses: 336000

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 04
Township#: 29

Sale Options

Sale Includes: Building, Land, Leases

Unit 1

Unit Number: Yes
No. of 1 Bedroom Units: 30

Unit 2

No. of 2 Bedroom Units: 7

Unit Details

Total Units: 42

Unit Information

No. of Efficiency Units: 5

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 011 WALTON PARK LOTS 16 17 AND 18
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4302
Property ID Number: 0402924430184
Tax Year: 2025
Tax Amount: 57808
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This listing includes 5 apartment buildings, totaling 42 units, located at 3600 Fremont Ave N (16 units), 3501 Fremont Ave N (6 units), 3619 Fremont Ave N (5 units), 4134 Fremont Ave N (6 units) and 2407 West Broadway Ave (9 units). In total, the there are 5 Studios, 30 1BRs and 7 2BRs. There is a loan with a favorable interest rate, which can be assumed. The property on Broadway is in very close proximity to the planned Broadway station on the future LRT Blue Line expansion.
Directions: Check with Google

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Yes w/ Qualifying: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Foundation

Permanent: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes
Hot Water: Yes

Parking Characteristics

Paved Lot: Yes
Unassigned: Yes

Rental License Type

Standard: Yes

Roof

Flat: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes
Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
Trade: Yes