4001 Mavelle Drive, Minneapolis, MN 55435

Overview

Description

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located i ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Waterfront Present: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 500
Garage Stalls: 12
For Sale or Lease: For Sale
Acres: 0.67
Lot Dimensions: Irregular
Assessment Pending: No

Property Features

Accessible: No Stairs External Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Slab Fuel: Electric; Natural Gas Heating: Baseboard; Boiler On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2750000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 4001
Street Name: Mavelle
Street Suffix: Drive
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55435
Complex/Dev/Subdivision: Stows Edgemoor Add Blk 9 Rep

Assessments

Tax With Assessments: 28991
Assessment Balance: 0

Building Information

Building Finished SqFt: 15000

More Information

Income and Expenses

Annual Gross Expenses: 48991
Annual Gross Income: 189780
Annual Net Income: 140789

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 31
Township#: 28

Sale Options

Sale Includes: Building, Land, Leases

Unit 2

No. of 2 Bedroom Units: 11

Unit Details

Total Units: 12

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: BLOCK 001 STOWS EDGEMOOR ADDN BLOCK 9 REPLAT THAT PART OF LOT 3 LYING N OF A LINE PAR WITH AND 37 FT S FROM MOST NLY LINE OF SAID LOT ALSO THAT PART OF LOT 4 LYING E OF W 130 FT THEREOF
Listing City: Edina
Map Page: 134
Municipality: Edina
School District: Edina
School District Phone: 952-848-3900
Zip Plus 4: 9601
Property ID Number: 3102824110083
Tax Year: 2025
Tax Amount: 28991
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina). 1031 Exchange property.
Directions: France Ave to 70th St to Mavelle Dr.

Accessible

No Stairs External: Yes

Air Conditioning

Window Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Slab: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes