, Minneapolis, MN 55408 (MLS# 7006922)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4560
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 80x98
Assessment Pending: Unknown
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Coin-op Laundry Leased Amenities Unit: Hardwood Floors; Natural Woodwork; Security System Appliances: Range; Refrigerator Basement: Concrete Block; Full; Unfinished CMU Style: Apartments/Multi Family Construction Materials: Timber/Post & Beam Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Fencing: None Flooring: Engineered Wood; Luxury Vinyl Plank; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Location Description: Free Standing Lock Box Type: None Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Miscellaneous Information: Exterior Lighting On Site Utilities: Electric Separate Overhead Door Clearance: 0-9 Feet Owner Pays: Exterior Maintenance; Grounds Care; Heat; HVAC Maintenance; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights Roof: Age 8 Years or Less; Flat; Rubber Sewer: City Sewer - In Street Stories: Three Or More Tenant Pays: Electricity; Gas Topography: Level Wall Description: Concrete/Block Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2000000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Coe & Channells Add

Assessments

Tax With Assessments: 41152
Assessment Balance: 0

Building Information

Building Finished SqFt: 18240
Building SqFt: 13680
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Electric Expense: 17667
Annual Gross Expenses: 145664
Annual Gross Income: 286814
Annual Maintenance Expense: 32332
Annual Net Income: 141150
Annual Trash Expense: 6385
Annual Water/Sewer Expense: 12048
Total Annual Expenses: 145664

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Exterior Lighting: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 33
Township#: 29

Sale Options

Sale Includes: Building, Fixture/Equipment

Unit 1

No. of 1 Bedroom Units: 7

Unit 2

No. of 2 Bedroom Units: 7

Unit Details

Total Units: 20

Unit Information

No. of Efficiency Units: 6

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 001 BLOCK 002 COE & CHANNELLS ADDN TO MPLS LOTS 1 AND 2
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 3302924420013
Tax Year: 2025
Tax Amount: 41152
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Exceptional 20-Unit Investment Opportunity in Lowry Hill East - Walkable Uptown Location Prime multifamily investment available in one of Minneapolis's most desirable neighborhoods - just steps from the vibrant Hennepin Avenue commercial district. This well-located 20-unit apartment building offers a balanced mix of units and strong rental demand in a walkable, amenity-rich area. Property Highlights: • 20 total units: 7 x 2-bedroom units, 7 x 1-bedroom units, and 6 studios • Highly desirable Lowry Hill East location - a short stroll to Hennepin Avenue shops, restaurants, bars, and coffee houses • Steps to Lake of the Isles - offering outstanding outdoor recreation, scenic walking/biking paths, and lakefront views • Walkable Uptown neighborhood easy access to transit, retail services, entertainment venues, and employers • Strong investment fundamentals - diverse unit mix appeals to a broad tenant base. Location Features: • Restaurants, bars, cafes, and boutiques just minutes away • Quick access to Hennepin Avenue nightlife and Uptown commercial corridor • Close to major employment centers, parks, and lakes • Excellent walk and bike scores This property combines location, occupancy potential, and lifestyle appeal in one of Minneapolis's most sought-after neighborhoods. Ideal for long-term hold or value-add investors.
Directions: Hennepin Ave South to West 27th West to Girard and North to property.

Accessible

None: Yes

Air Conditioning

None: Yes

Amenities Shared

Coin-op Laundry Leased: Yes

Amenities Unit

Hardwood Floors: Yes
Natural Woodwork: Yes
Security System: Yes

Appliances

Range: Yes
Refrigerator: Yes

Basement

Concrete Block: Yes
Full: Yes
Unfinished: Yes

Construction Materials

Timber/Post & Beam: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Flooring

Engineered Wood: Yes
Luxury Vinyl Plank: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

None: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Heat: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Management: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Roof

Age 8 Years or Less: Yes
Flat: Yes
Rubber: Yes

Sewer

City Sewer - In Street: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Concrete/Block: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Location Description

Free Standing: Yes

Overhead Door Clearance

0-9 Feet: Yes

Rent Rate per Foot

Per Month: Yes