814 6th Street SE, Minneapolis, MN 55414

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront Present: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Size SqFt: 10131
Foundation Size: 2024
For Sale or Lease: For Sale
Lot Dimensions: 66x165x51
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Amenities Shared: None Amenities Unit: Indoor Sprinklers; Kitchen Center Island Assumable Loan: Not Assumable Basement: Crawl Space CMU Style: Apartments/Multi Family Construction Status: Completed New Construction Current Use: Residential Exterior: Cement Board; Vinyl Foundation: Concrete Block; Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate Owner Pays: Grounds Care; Insurance; Maintenance/Repair; Taxes; Trash Collection; Water Parking Characteristics: Other Rent Rate per Foot: Gross; Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity; Gas; Heat Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 814
Street Name: 6th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Mill Cos Add To St Anthony Falls

Assessments

Tax With Assessments: 8261
Assessment Balance: 0
Assessment Installment: 0

Basement

Foundation Dimensions: 44x46 35x58
Crawl Space: Yes

More Information

Building Information

Building Finished SqFt: 9981
Building SqFt: 4893
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 44620
Annual Gross Income: 234000
Annual Insurance Expense: 9000
Annual Maintenance Expense: 2400
Annual Net Income: 189380
Annual Repair Expense: 2400
Annual Trash Expense: 3600
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 44620
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0

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, Leases

Unit 1

Unit Number: 814-1
Monthly Rent: 3000
Full Baths: Yes
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Level: Main Level
Unit Total SqFt: 1631
Leased?: Yes
Lease Expiration Date: 2027-05-31

Unit 2

Full Baths: Yes
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 3000
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 814-2
Unit Total SqFt: 1631

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-08-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 3250
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 814-3
Unit Total SqFt: 1631

Unit 4

Full Baths: 2
Leased?: No
Level: Main Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-1
Unit Total SqFt: 1696

Unit 5

Full Baths: 2
Leased?: No
Level: 2nd Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-2
Unit Total SqFt: 1696

Unit 6

Full Baths: 2
Leased?: No
Level: 3rd Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-3
Unit Total SqFt: 1696

Unit Details

Total Units: 6

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 008 BLOCK 007 MILL COS ADDN TO ST ANTHONY FALLS EX HWY
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3018
Property ID Number: 2402924230034
Tax Year: 2025
Tax Amount: 7496
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 is currently leased for $9250 month. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 814 & 816 6th Street SE: Common Lot Development. Both 814 and 816 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 814 & 816 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (814) and One slab-on-grade new construction triplex (816). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 814 6th Street SE – Full Gut Renovation & Triplex Conversion: 814 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 816 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 816 was built as a brand-new slab-on-grade triplex, designed to complement 814 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 814 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 814. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 814. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.
Directions: 4th St to 8th Ave, turn on 5th St SE on one way to property

Accessible

None: Yes

Air Conditioning

Central Air: Yes
Zoned: Yes

Amenities Shared

None: Yes

Amenities Unit

Indoor Sprinklers: Yes
Kitchen Center Island: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Completed New Construction: Yes

Exterior

Cement Board: Yes
Vinyl: Yes

Foundation

Concrete Block: Yes
Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

Grounds Care: Yes
Insurance: Yes
Maintenance/Repair: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Other: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Heat: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Rent Rate per Foot

Gross: Yes
Per Month: Yes