For Sale: Minneapolis MLS# 6678935
Active
$1,200,000
Commercial: Apartments
Built 1905
0.29 acres
Minneapolis schools
MLS# 6678935
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Property Description
Two four unit buildings as one PID with a driveway in between the two buildings make this a unique NE Gem on a quiet street. All tenants pay their own heat and electric. Each unit is 600 square feet with 2 bedrooms, bathroom, living room, eat in kitchen. Rear parking lot is very large and holds 12 + cars. Coin operated laundry in basement. Recent improvements include wrapping front windows with aluminum on one building, wrapping cornices and fasica on the front of another building. Through the years, many windows have been replaced with Vinyl, some piano windows have been replaced with stained glass. Both buildings are fully occupied. All units have balconies facing the back parking lot. Very quiet street, close to arts district, restaurants and coffee shops.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Apartments
Zip Code:
55413
Neighborhood/Area:
Sheridan
Subdivision Name:
Q
Interior
Refrigerators:
One Per Unit
Basement Details:
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
12
Air Conditioning:
Window Unit(s)
Foundation Size:
2,400 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Space Heater
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Balcony
Road Frontage:
City Street
Exterior Material:
Fiber Cement
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.29
Geolocation:
45.002747, -93.269228
Inclusions:
Building, Land, Leases
Lot Dimensions:
115 X 106
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$929
Annual Insurance Expense:
$7,572
Annual Maintenance Expense:
$8,000
Annual Gross Expense:
$37,298
Annual Trash Expense:
$6,911
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,092
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,092
Income
Annual Gross Income:
$106,140
Rent
Annual Net Income:
$66,719
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
- City Water/Connected
- Shared System
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.