4001 Mavelle Drive, Minneapolis, MN 55435 (MLS# 7000870)

4001 Mavelle Drive, Minneapolis, MN 55435

$2,750,000
Property Type: Commercial Lot Size (sq. ft.): 29,185 Status: Active
Current Price: $2,750,000 List Date: 12/17/2025 Last Modified: 6/26/2026

Overview

Description

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located i ...

Listing Details MLS# 7000870

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Owner Occupied
No
Waterfront YN
No
Year Built
1961
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
500
Garage Stalls
12
For Sale or Lease
For Sale
Acres
0.67
Lot Dimensions
Irregular
Assessment Pending
No

Property Features

Accessible: No Stairs External Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Slab Fuel: Electric; Natural Gas Heating: Baseboard; Boiler On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
2750000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
4001
Street Name
Mavelle
Street Suffix
Drive
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55435
Complex/Dev/Subdivision
Stows Edgemoor Add Blk 9 Rep

Assessments

Tax With Assessments
28991

Building Information

Building Finished SqFt
15000

More Information

Income and Expenses

Annual Gross Expenses
48991
Annual Gross Income
189780
Annual Net Income
140789

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
31
Township#
28

Sale Options

Sale Includes
Building, Land, Leases

Unit 2

No. of 2 Bedroom Units
11

Unit Details

Total Units
12

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: Sweet Home Realty, LLC
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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