2870 & 2876 & 2 Humboldt Avenue SMinneapolis, MN 55408
$5.6 million
43,332 finished sq ft · 0.49 acre lot
About this home
* Sale Price: $5,600,000 * 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 Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1915
- Finished sq ft
- 43,332
- Lot
- 0.49 acres
- Heating
- Natural Gas
- Property taxes
- $130,803 a year
- Listed
- July 10, 2026
- MLS number
- 7107359
Listing courtesy of RE/MAX Results (Mark K Hulsey). MLS #7107359.
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How it compares
2870 & 2876 & 2 Humboldt Avenue S, Minneapolis, MN 55408 is a single-family home built in 1915 in East Isles, listed for $5.6 million on July 10, 2026 by RE/MAX Results. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $129 per square foot here against $207 for the group). That works out to $129 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- East Isles, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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