, Minneapolis, MN 55404 (MLS# 6428729)

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront YN: No
Year Built: 1902
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Size SqFt: 10019
Foundation Size: 2947
For Sale or Lease: For Sale
Lot Dimensions: 150x68
Garage Stalls: 0

Property Features

Accessible: Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Common Garden; Patio; Security Building Amenities Unit: City View; Ethernet Wired; In-Ground Sprinkler Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Contract for Deed; Conventional Location Description: Downtown Lock Box Type: None Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Medium Miscellaneous Information: Furnished Units On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Taxes; Trash Collection Parking Characteristics: Carport; Covered; More Parking Offsite for Fee; Paved Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel Topography: Level Water: City Water/Connected Waterfront View: City Lights Window Features: Double Pane Windows; Window Treatments

Contract Information

Off Market Date: 2025-11-15
Closed Date: 2026-03-30
Sales Close Price: 1700000
Contingency: None
ListPrice: 1900000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: J S & W Elliots Add

Assessments

Tax With Assessments: 19003
Assessment Balance: 0

Building Information

Building Finished SqFt: 8000
Building SqFt: 8841
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Electric Expense: 4800
Annual Fuel Expense: 1800
Annual Insurance Expense: 10500
Annual Trash Expense: 2160
Annual Water/Sewer Expense: 3600

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Furnished Units: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 26
Township#: 29

Sale Options

Sale Includes: Building, Fixture/Equipment, Other

Unit 1

Unit Number: Yes
Monthly Rent: 2111
Full Baths: Yes
Half Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2025-01-31
No. of 1 Bedroom Units: Yes

Unit 2

No. of 2 Bedroom Units: 4
Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2024-06-30
Leased?: Yes
Monthly Rent: 1909
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 2

Unit 3

Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2024-08-31
Leased?: Yes
Monthly Rent: 2081
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 3

Unit 4

Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2024-05-31
Leased?: Yes
Monthly Rent: 1899
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Monthly Rent: 1586
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 5

Unit 6

Full Baths: Yes
Lease Expiration Date: 2024-06-30
Leased?: Yes
Monthly Rent: 1162
Total Bathrooms: Yes
Unit Number: 6

Unit Details

Total Units: 6

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

Legal Description: LOT 014 BLOCK 005 J S & W ELLIOTS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
Rental License?: Yes
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3112
Property ID Number: 2602924340049
Tax Year: 2024
Tax Amount: 19003
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL ! A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. CONTRACT FOR DEED TERMS AVAILABLE! The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels.
Directions: Near US Bank Stadium, the first building over the 11th Ave Bridge.

Accessible

Partially Wheelchair: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Common Garden: Yes
Patio: Yes
Security Building: Yes

Amenities Unit

City View: Yes
Ethernet Wired: Yes
In-Ground Sprinkler: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Taxes: Yes
Trash Collection: Yes

Parking Characteristics

Carport: Yes
Covered: Yes
More Parking Offsite for Fee: Yes
Paved Lot: Yes

Patio, Porch and Deck Features

Patio: Yes
Terrace: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

Waterfront View

City Lights: Yes

Window Features

Double Pane Windows: Yes
Window Treatments: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Fuel: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Contract for Deed: Yes
Conventional: Yes

Location Description

Downtown: Yes