Minneapolis, MN 55411

$1,750,000

Virtual Tour

http://tour.circlepix.com/home2/SEWAGB/613-E-2-Street-West-Fargo-ND-18-611

Property Type: Commercial Square Footage: 35,493 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $1,750,000 List Date: 7/12/2024 Last Modified: 3/31/2025

Overview

Description

This trio of historic apartment buildings totaling 35 Units is located on the western fringe of Minneapolis, in the city’s Willard-Hay neighborhood. Tenants enjoy access to Theodore Wirth Parkway/Park amenities less than a ½ mile away, as well as quick walking access to the newly opened METRO C Line for fast access to downtown Minneapolis. The buildings have been cared for, well maintained, and are fully stabilized. These properties MUST be sold as a package. Currently all 3 properties are professionally managed by a quality local management company. ADDRESSES: 2517 Golden Valley Road, 2601 Golden Valley Road, 1900 Thomas Avenue.

Listing Details MLS# 6382838

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 19
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 35493
For Sale or Lease: For Sale
Acres: 0.34
Lot Dimensions: 34406
Assessment Pending: Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Financing Terms: Conventional Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2024-09-23
Closed Date: 2025-03-31
Sales Close Price: 1750000
Contingency: None
ListPrice: 1985000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55411
Complex/Dev/Subdivision: Fairlawn Add

Additional Parcels Information

Property ID #2: 1702924420004
Property ID #3: 1702924140112

Assessments

Tax With Assessments: 39649

More Information

Building Information

Building Finished SqFt: 35493
Building SqFt: 35493

Income and Expenses

Annual Gross Expenses: 188309
Annual Gross Income: 376618
Annual Net Income: 188309

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 17
Township#: 29

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: 21

Unit 2

No. of 2 Bedroom Units: 10

Unit 3

No. of 3 Bedroom Units: Yes

Unit Details

Total Units: 35

Unit Information

No. of Efficiency Units: 3

Listing Office: MRG Realty Partners, LLC

Last Updated: March - 31 - 2025

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.

, Minneapolis, MN 55411 (MLS# 6382838)