Minneapolis, MN 55414

$1,880,000

Property Type: Commercial Bedrooms: 24 Baths: 12 Square Footage: 8,228 Lot Size (sq. ft.): 16,553 Status: Closed

Current Price: $1,880,000 List Date: 12/20/2023 Last Modified: 6/08/2025

Overview

Description

All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.

Listing Details MLS# 6470533

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 11
Year Built: 1969
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 4114
For Sale or Lease: For Sale
Acres: 0.38
Lot Dimensions: 150X110

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Wood Financing Terms: Conventional Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Detached Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2024-03-08
Closed Date: 2024-03-08
Sales Close Price: 1880000
Contingency: None
ListPrice: 2200000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Rollins Add

Assessments

Assessment Balance: 298.54
Tax With Assessments: 27515.12

Building Information

Building Finished SqFt: 8228
Building SqFt: 8228

More Information

Income and Expenses

Annual Electric Expense: 1630
Annual Fuel Expense: 4644
Annual Gross Expenses: 55711
Annual Gross Income: 217361
Annual Insurance Expense: 5952
Annual Maintenance Expense: 3254
Annual Net Income: 161650
Annual Trash Expense: 2204
Annual Water/Sewer Expense: 3946
Total Annual Expenses: 55711

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 150x110

Public Survey Info

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

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: 101
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Level: Main Level
Leased?: No

Unit 10

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 10

Unit 11

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 11

Unit 2

No. of 2 Bedroom Units: 10
Leased?: No
Level: Main Level
Three-Quarter Baths: 2
Total Bathrooms: 2
Total Bedrooms: 4
Total Rooms: 7
Unit Number: 102

Unit 3

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 3

Unit 4

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 4

Unit 5

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 5

Unit 6

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 6

Unit 7

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 7

Unit 8

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 8

Unit 9

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 9

Unit Details

Total Units: 11

Listing Office: Keller Williams Premier Realty

Last Updated: June - 08 - 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 55414 (MLS# 6470533)