Bay Lake Realty
Bruce Johnson
Broker/Owner
Bay Lake Realty is Licensed in the State of Minnesota
15929 Wakeman Rd.
Deerwood, MN 56444
Cell Phone: 218-838-1111
E-mail: bruce@baylakerealty.com

MLS# 6826530 - 3948 Oakland Avenue Minneapolis, MN 55407

Neighborhoods

MRG Realty Partners, LLC is the brokerage office representing the seller for this listing.

Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Bay Lake Realty is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Bay Lake Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

{"Id":507044,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST6826530","MLSAGENTID":"NST506015287","MLSOFFICEID":"NST26013","ADDRESS":"3948 Oakland Avenue","ACRES":0.12,"AGENTOWNER":false,"AUCTIONYN":false,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":640000.0,"LASTPRICEDATE":"2026-01-02T00:44:05.197","LATITUDE":44.930835,"LENDEROWNED":"No","LISTDATE":"2026-01-01T06:00:00","LISTPRICE":640000.0,"LIVINGAREA":0.0,"LONGITUDE":-93.266624,"MODIFICATIONTIMESTAMP":"2026-01-02T00:44:05.198","NEIGHBORHOOD":"6","OFFICE_OFFICENAME":"MRG Realty Partners, LLC","PHOTOCOUNT":1,"POSTALCODE":"55407","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit.\n\nA new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases.\n\nThe property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.","ROADBETWEENWATERFRONTANDHOMEYN":false,"SALEINCLUDES":"Building","SCHOOLDISTRICTNUMBER":"558-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-01-02T00:44:05.197","LASTSTATUS":"Active","STREETNAME":"Oakland","STREETNUMBER":"3948","STREETSUFFIX":"Avenue","TRANSACTIONTYPE":"For","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1920,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-01-02T00:44:05.198","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"3948 Oakland.JPG\"}]","PHOTOORDER":"1","SOURCE":"MG_NST"}
{"ListingKey":"NST7834951","AccessibilityFeatures":"None","AdditionalParcelsYN":"False","NST_AgentOwner":"No","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"Unknown","BasementYN":"True","CumulativeDaysOnMarket":"0","City":"Minneapolis","NewConstructionYN":"False","Contingency":"None","NST_ForSaleOrLease":"For Sale","CountyOrParish":"Hennepin","CurrentUse":"Residential","Directions":"Portland Ave to 39th, east to Oakland","DocumentsCount":"0","DaysOnMarket":"0","FoundationArea":"5074","NST_FractionalOwnershipYN":"No","NST_Fuel":"Natural Gas","GarageSpaces":"4","GrossIncome":"80651","Heating":"Boiler","HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","Inclusions":"Building","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"True","InternetConsumerCommentYN":"True","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"44.930835","NST_LenderOwned":"No","ListPrice":"640000","ListingContractDate":"2026-01-01T06:00:00Z","ListingId":"NST6826530","LockBoxType":"Combo","Longitude":"-93.266624","LotSizeArea":"0.12","LotSizeDimensions":"43 x 118 x 43 x 118","LotSizeUnits":"Acres","NST_NeighborhoodNumber":"6","NetOperatingIncome":"44302","NumberOfUnitsTotal":"5","OperatingExpense":"36349","OriginalEntryTimestamp":"2026-01-01T18:43:58Z","ParcelNumber":"1102824220071","NST_SchoolDistrictNumber":"558","ParkingFeatures":"Detached Garage","PhotosCount":"1","PhotosChangeTimestamp":"2026-01-02T00:44:05.198Z","PostalCity":"Minneapolis","PostalCode":"55407","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","PublicRemarks":"3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit.\n\nA new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases.\n\nThe property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.","PublicSurveyRange":"24","PublicSurveySection":"11","PublicSurveyTownship":"28","NST_SchoolDistrictPhone":"6126680000","Sewer":"City Sewer/Connected","StandardStatus":"Active","StateOrProvince":"MN","StreetName":"Oakland","StreetNumber":"3948","StreetNumberNumeric":"3948","StreetSuffix":"Avenue","SubdivisionName":"Abbotts & Sundbys Add","TaxAnnualAmount":"2310","NST_TaxWithAssessments":"2310","TaxYear":"2025","Township":"Minneapolis","Utilities":"Electric Separate","VideosCount":"0","WaterSource":"City Water/Connected","YearBuilt":"1920","ZoningDescription":"Residential-Multi-Family","ListAgentKey":"NST109670","ListAgentMlsId":"NST506015287","ListOfficeMlsId":"NST26013","ListOfficeName":"MRG Realty Partners, LLC","ListOfficeKey":"NST26013","ModificationTimestamp":"2026-01-02T00:44:05.198Z","OriginatingSystemName":"northstar","Media":"[{\"MediaURL\":\"https://s3.amazonaws.com/mlsgrid/images/NST7834951/585eaf4b-9343-484a-b855-cf26f5a2597e.jpeg\",\"ResourceRecordKey\":\"NST7834951\",\"Order\":1,\"MediaObjectID\":\"NST1\",\"LongDescription\":\"3948 Oakland.JPG\",\"ImageWidth\":1796,\"ImageHeight\":2080,\"ImageSizeDescription\":\"1796x2080\",\"MediaModificationTimestamp\":\"2026-01-02T00:44:04.221Z\",\"MediaKey\":\"NST119908566\"}]","Media__MediaURL":"https://s3.amazonaws.com/mlsgrid/images/NST7834951/585eaf4b-9343-484a-b855-cf26f5a2597e.jpeg","Media__ResourceRecordKey":"NST7834951","Media__Order":"1","Media__MediaObjectID":"NST1","Media__LongDescription":"3948 Oakland.JPG","Media__ImageWidth":"1796","Media__ImageHeight":"2080","Media__ImageSizeDescription":"1796x2080","Media__MediaModificationTimestamp":"1/2/2026 12:44:04 AM","Media__MediaKey":"NST119908566","DocumentsChangeTimestamp":"2026-01-02T00:44:05.198Z","MlgCanView":"True","MlgCanUse":"IDX","PhotoRemarks":"[{\"Order\":1,\"Remarks\":\"3948 Oakland.JPG\"}]","PhotoOrder":"1","CustomVTourURL":""}