Minneapolis, MN 55404

$1,899,900
Property Type: Commercial Square Footage: 20,400 Lot Size (sq. ft.): 17,860 Status: Active
Current Price: $1,899,900 List Date: 5/20/2025 Last Modified: 5/27/2026

Overview

Listing Details MLS# 6724331

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Owner Occupied
No
Waterfront YN
No
Year Built
1916
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1700
For Sale or Lease
For Sale
Acres
0.41
Lot Dimensions
165 X 107
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Air Conditioning: Window Unit(s) Appliances: Freezer; Range; Refrigerator CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Foundation: Other Fuel: Natural Gas Heating: Boiler; Radiator On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot; Uncovered/Open Rental License Type: Standard Sewer: City Sewer/Connected Tenant Pays: Electricity; Gas Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1899900
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
Murphys Add

Assessments

Tax With Assessments
36418
Assessment Balance
0

Basement

Foundation Dimensions
35*48

More Information

Building Information

Building Finished SqFt
13600
Building SqFt
20400

Income and Expenses

Annual Electric Expense
1000
Annual Fuel Expense
1000
Annual Gross Expenses
168000
Annual Gross Income
254400
Annual Insurance Expense
18000
Annual Maintenance Expense
10000
Annual Net Income
86400
Annual Trash Expense
2500

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
25
Township#
29

Sale Options

Sale Includes
Other

Unit 1

Unit Number
Yes

Unit 2

No. of 2 Bedroom Units
8

Unit 3

No. of 3 Bedroom Units
8

Unit Details

Total Units
16

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
BLOCK 031 MURPHYS ADDN TO MPLS LOTS 6 AND 7 EX STREET
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2802
Property ID Number
2502924330166
Tax Year
2024
Tax Amount
34921
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Directions
94 to Riverside Exit. Go S on 26th to E Franklin. Go W on East Franklin to 21st Ave S. Property is NW corner of E Franklin and 21st Ave S.

Accessible

None
Yes

Air Conditioning

Window Unit(s)
Yes

Appliances

Freezer
Yes
Range
Yes
Refrigerator
Yes

Construction Status

Previously Owned
Yes

Exterior

Stucco
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Radiator
Yes

Parking Characteristics

Garage Dimensions
No
Parking Lot
Yes
Paved Lot
Yes
Uncovered/Open
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes
IDX
Listing Office: NAI Gateway Commercial
Last Updated: May - 27 - 2026
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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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