Minneapolis · Commercial sale
Pillsbury Properties 2731-2741 buys 2731 Pillsbury Ave in Minneapolis for $3.59 million
An apartment building at 2731 Pillsbury Ave, Minneapolis sold for $3,588,000 on August 21, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $3,588,000
- Sold
- August 21, 2026
- Property type
- Apartment building
- Lot size
- 14,810 sq ft
- Year built
- 1967
At $3,588,000, the apartment building at 2731 Pillsbury Ave sold for 6.6 times its $545,700 market value on record. The sale price and August 21, 2026, closing date are listed in the Certificate of Real Estate Value filed with the Minnesota Department of Revenue; the market value is from the Assessor's records.
The most recent earlier sale on record was $5,520,000 in 2024. The deed conveys 2 parcels, with 2731 Pillsbury Ave identified as the largest one.
The record lists Pillsbury Duo, LLC as the seller and Pillsbury Properties 2731-2741, LLC as the buyer. The Assessor's records show a 1967 construction date and a 14,810-square-foot lot.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $12,199.20 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $7,254 for the owner's title insurance policy. The seller's estimated net is $3,542,907 before brokerage commissions and any loan payoff. A cash buyer would need about $3,563,251 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1913786. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
