For Sale: Minneapolis MLS# 6678935
Active
$1,200,000
Commercial: Apartments
Built 1905
0.29 acres
Minneapolis schools
MLS# 6678935
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Property Description
8 Unit Multifamily in NE Minneapolis â?? Fully Occupied
Rare opportunity to own two 4-unit buildings on one PID in the heart of NE Minneapolis. Each unit features 2 bedrooms, 1 bath, living room, eat-in kitchen, and a private rear-facing balcony. Tenants pay their own heat and electric.
Amenities include coin-op laundry and a large rear parking lot (12+ cars). Recent upgrades: aluminum-wrapped windows, updated cornices/fascia, vinyl window replacements, and stained glass accents. Located on a quiet street near the arts district, restaurants, and cafes.T
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Apartments
Zip Code:
55413
Neighborhood/Area:
Sheridan
Subdivision Name:
Q
Interior
Refrigerators:
One Per Unit
Basement Details:
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
12
Air Conditioning:
Window Unit(s)
Foundation Size:
2,400 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Space Heater
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Balcony
Road Frontage:
City Street
Exterior Material:
Fiber Cement
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.29
Geolocation:
45.002747, -93.269228
Inclusions:
Building, Land, Leases
Lot Dimensions:
115 X 106
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$929
Annual Insurance Expense:
$7,572
Annual Maintenance Expense:
$8,000
Annual Gross Expense:
$37,298
Annual Trash Expense:
$6,911
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,092
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,092
Income
Annual Gross Income:
$106,140
Rent
Annual Net Income:
$66,719
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
- City Water/Connected
- Shared System
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.