3240 Doran Apartments | 3240 Fremont Ave S
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3240 Doran Apartments 3240 Fremont Ave S
26 Unit Block of Flats £2,484,650 (£95,563/Unit) Minneapolis, MN 55408
Executive Summary
The subject is a 26-unit garden-style, apartment property located at 3240 Fremont Avenue South in Minneapolis that was built in 1924. The property is situated on a 0.376-acre site. Unique property characteristics are the property is located approximately two blocks east of Hennepin Avenue.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£46,650
|
£2.20
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£46,650
|
£2.20
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £46,650 |
| Annual Per SF | £2.20 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £46,650 |
| Annual Per SF | £2.20 |
Property Facts
| Price | £2,484,650 | Building Class | C |
| Price Per Unit | £95,563 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 28,350 SF |
| No. Units | 26 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.35/1,000 SF |
| Apartment Style | Mid Rise |
| Price | £2,484,650 |
| Price Per Unit | £95,563 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 28,350 SF |
| Number of Floors | 4 |
| Year Built | 1924 |
| Parking Ratio | 0.35/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Wooden Floors
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 715 |
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Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 04-028-24-13-0072 | Total Assessment | £2,922,269 (2023) |
| Land Assessment | £328,134 (2023) | Annual Taxes | £46,650 (£1.65/sf) |
| Improvements Assessment | £2,594,135 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04-028-24-13-0072
Land Assessment
£328,134 (2023)
Improvements Assessment
£2,594,135 (2023)
Total Assessment
£2,922,269 (2023)
Annual Taxes
£46,650 (£1.65/sf)
Tax Year
2024
zoning
| Zoning Code | R4 |
| R4 |
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3240 Doran Apartments | 3240 Fremont Ave S
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