, Minneapolis, MN 55412 (MLS# 6401571)

Minneapolis, MN 55412

$2,185,000
Property Type: Commercial Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $2,185,000 List Date: 7/13/2023 Last Modified: 6/08/2025

Overview

Description

Great cash flow opportunity. Value add. Distressed sale. 16 - 2 bed units, 17 - 1 bed units. Currently 50% vacancy. Assumable debt that matures in 2038 at a 4.9% interest rate. Bring us an offer! AS IS.

Listing Details MLS# 6401571

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Year Built
1963
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
10479
For Sale or Lease
For Sale
Acres
0.57
Lot Dimensions
198x125
Assessment Pending
Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Financing Terms: Cash Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; FHA; Other On Site Utilities: None Available Parking Characteristics: Paved Lot Rental License Type: Standard Road Frontage: City Street Roof: Tar/Gravel Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-07-24
Closed Date
2023-08-10
Sales Close Price
2185000
ListPrice
2625000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Walton Park

Additional Parcels Information

Property ID #2
0402924430085

Assessments

Tax With Assessments
6398

More Information

Building Information

Building Finished SqFt
20998

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
04
Township#
29

Sale Options

Sale Includes
Building, Business, Land, Leases

Unit 1

No. of 1 Bedroom Units
17

Unit 2

No. of 2 Bedroom Units
16

Unit Details

Total Units
34

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: RE/MAX Results
Last Updated: June - 08 - 2025
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