, Minneapolis, MN 55414 (MLS# 6401466)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1958
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1920
For Sale or Lease: For Sale
Acres: 0.23
Lot Dimensions: 165x59
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Financing Terms: Conventional Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Detached Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2024-03-08
Closed Date: 2024-03-08
Sales Close Price: 1610000
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: 55414
Complex/Dev/Subdivision: Mcmillans Sub Blks Rollins Add

Assessments

Tax With Assessments: 11671
Assessment Balance: 0

Building Information

Building Finished SqFt: 5208

More Information

Income and Expenses

Annual Net Income: 113492

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: Business, Land

Unit 1

Unit Number: Yes
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2023-08-26
No. of 1 Bedroom Units: 14

Unit 10

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 5

Unit 11

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 6

Unit 12

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 7

Unit 13

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 8

Unit 14

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 9

Unit 2

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 2

Unit 3

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 11

Unit 4

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 12

Unit 5

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 13

Unit 6

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 14

Unit 7

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 2

Unit 8

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Below Ground
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 3

Unit 9

Lease Expiration Date: 2023-08-26
Leased?: Yes
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: 4

Unit Details

Total Units: 14

Office/Member Info

Association: SPAAR
MLSID: RMLS

Location, Tax and Other Information

Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
Rental License?: No
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2349
Property ID Number: 2402924140094
Tax Year: 2023
Tax Amount: 12286.12
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Incredible Investment Opportunity! All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Contact agent for more information regarding rent rolls and other financials. This is an investors dream!
Directions: Kasota Ave/Energy Park Drive (CR32) to SE Elm, left, follow to property on right.

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Financing Terms

Conventional: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Parking Characteristics

Detached: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

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

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes

Minneapolis, MN 55414

Overview

Description

Listing Details MLS# 6401466