, Minneapolis, MN 55404 (MLS# 7045824)

General Property Information

Lot Measurement: Acres
Management Company Name: Value Homes LLC
Multiple PIDs?: No
Other Parking Spaces: 4
Owner Occupied: No
Waterfront YN: No
Year Built: 2022
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2030
Management Company Phone: 612-913-9500
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 47 x 125
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: Other Air Conditioning: Central Air Amenities Unit: Balcony; Ceiling Fan(s); Indoor Sprinklers; Kitchen Center Island; Kitchen Window; Local Area Network; Paneled Doors; Primary Bedroom Walk-In Closet; Tile Floors; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer Basement: Drain Tiled; Egress Windows; Tile Shower CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Fiber Board; Stucco Fencing: Wood Flooring: Carpet; Luxury Vinyl Plank; Tile Fuel: Electric Heating: Forced Air Loan Terms: Cash; Conventional; FHA; Special Funding; Other On Site Utilities: Electric Common Owner Pays: Insurance; Repairs; Taxes Potential Use: Income; Motel/Hotel; Other; Professional Rental License Type: Standard Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: All Utilities; Lawn; Sewer; Snow Removal; Trash Collection; Water Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1950000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Belleview Add

Assessments

Tax With Assessments: 22805
Assessment Balance: 0

Basement

Foundation Dimensions: 70 x 29
Drain Tiled: Yes
Egress Windows: Yes
Tile Shower: Yes

More Information

Building Information

Building Finished SqFt: 7530
Building SqFt: 7530
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 27987
Annual Gross Income: 188650
Annual Insurance Expense: 2630
Annual Net Income: 160663
Annual Repair Expense: 1150
Annual Water/Sewer Expense: 5650
Total Annual Expenses: 33855
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 34
Township#: 29

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: 101
Monthly Rent: 2500
Full Baths: Yes
Half Baths: Yes
Three-Quarter Baths: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Total Rooms: 8
Level: Multi-Level
Unit Total SqFt: 1100
Leased?: Yes
Lease Expiration Date: 2026-04-30

Unit 2

Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2500
Three-Quarter Baths: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Total Rooms: 8
Unit Number: 102
Unit Total SqFt: 1100

Unit 3

No. of 3 Bedroom Units: 6
Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2500
Three-Quarter Baths: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Total Rooms: 8
Unit Number: 103
Unit Total SqFt: 1100

Unit 4

Full Baths: 2
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2500
Total Bathrooms: 2
Total Bedrooms: 3
Total Rooms: 8
Unit Number: 201
Unit Total SqFt: 1225

Unit 5

Full Baths: 2
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2500
Total Bathrooms: 2
Total Bedrooms: 3
Total Rooms: 8
Unit Number: 202
Unit Total SqFt: 1225

Unit 6

Full Baths: 2
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2500
Total Bathrooms: 2
Total Bedrooms: 3
Total Rooms: 8
Unit Number: 203
Unit Total SqFt: 1225

Unit Details

Total Units: 6

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 011 BLOCK 001 BELLEVIEW ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3900
Property ID Number: 3402924130009
Tax Year: 2025
Tax Amount: 22723
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!
Directions: 1st Ave S just south of E 24th St and one block East of Nicollet Ave.

Accessible

Other: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Balcony: Yes
Ceiling Fan(s): Yes
Indoor Sprinklers: Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Local Area Network: Yes
Paneled Doors: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Washer/Dryer Hookup: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Fiber Board: Yes
Stucco: Yes

Fencing

Wood: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes
Tile: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Owner Pays

Insurance: Yes
Repairs: Yes
Taxes: Yes

Parking Characteristics

Garage Dimensions: No

Rental License Type

Standard: 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

Tenant Pays

All Utilities: Yes
Lawn: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

On Site Utilities

Electric Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Special Funding: Yes
Other: Yes

Potential Use

Income: Yes
Motel/Hotel: Yes
Other: Yes
Professional: Yes