Minneapolis, MN 55414

$1,850,000

Property Type: Commercial Bedrooms: 20 Baths: 13 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $1,850,000 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# 6470549

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1972
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4114
For Sale or Lease: For Sale
Acres: 0.36
Lot Dimensions: 132x121

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 Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Separate; Heating Common; Hot Water Common Parking Characteristics: None Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Off Market Date: 2024-05-16
Closed Date: 2024-05-16
Sales Close Price: 1850000
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: Condo 0247 1313 Como Ave Se Condo

Assessments

Tax With Assessments: 2037

Building Information

Building Finished SqFt: 8828

More Information

Income and Expenses

Annual Electric Expense: 1765
Annual Fuel Expense: 660
Annual Gross Expenses: 54878
Annual Gross Income: 204771
Annual Insurance Expense: 3910
Annual Maintenance Expense: 7678
Annual Net Income: 149892
Annual Trash Expense: 2017
Annual Water/Sewer Expense: 7820
Total Annual Expenses: 54878

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

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

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: Yes
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Level: Main Level
No. of 1 Bedroom Units: 2

Unit 10

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

Unit 11

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

Unit 12

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Unit Number: 12

Unit 13

Three-Quarter Baths: Yes
Total Bathrooms: Yes
Unit Number: 13

Unit 2

No. of 2 Bedroom Units: 9
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 2

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: 13

Unit Information

No. of Efficiency Units: 2

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# 6470549)