, Minneapolis, MN 55414 (MLS# 7051384)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1918
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1760
For Sale or Lease: For Sale
Acres: 0.25
Lot Dimensions: 66x165
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Kitchen Center Island; Tile Floors; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Microwave; Range; Refrigerator Basement: None CMU Style: Apartments/Multi Family; Low Rise Construction Status: Completed New Construction Current Use: Residential Exterior: Cement Board Flooring: Luxury Vinyl Plank; Tile Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Insurance; Maintenance/Repair; Taxes; Trash Collection; Water Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity; Gas; Heat; Hot Water Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1950000
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: Mill Cos Add To St Anthony Falls

Assessments

Tax With Assessments: 8809
Assessment Balance: 0
Assessment Installment: 0

Basement

Foundation Dimensions: 55x32
None: Yes

More Information

Building Information

Building Finished SqFt: 4980
Building SqFt: 5280
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 34000
Annual Gross Income: 187200
Annual Insurance Expense: 9000
Annual Maintenance Expense: 4400
Annual Net Income: 150800
Annual Repair Expense: 2400
Annual Trash Expense: 3600
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 34000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0

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: Building, Land

Unit 1

Unit Number: 815 #3
Monthly Rent: 2600
Full Baths: Yes
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 4
Leased?: Yes
Lease Expiration Date: 2027-08-31

Unit Details

Total Units: 6

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 003 BLOCK 027 MILL COS ADDN TO ST ANTHONY FALLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3018
Property ID Number: 2402924240094
Tax Year: 2025
Tax Amount: 8809
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: New construction investment opportunity. Nearly identical to the sale of the buildings across the street at 814 6th St SE except these are 4BR,2BA units. Two units in 811 have been rented for August 1 at $2600 unit. Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 811 & 815 6th Street SE: Common Lot Development. Both 811 and 815 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 811 & 815 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (811) and One slab-on-grade new construction triplex (815). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 811 6th Street SE – Full Gut Renovation & Triplex Conversion: 811 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 815 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 815 was built as a brand-new slab-on-grade triplex, designed to complement 811 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 811 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 811. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 811. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.
Directions: 8th Ave, turn east on 5th St, turn right on 9th Ave, 6th st is a one way

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Kitchen Center Island: Yes
Tile Floors: Yes
Washer/Dryer Hookup: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Construction Status

Completed New Construction: Yes

Exterior

Cement Board: Yes

Flooring

Luxury Vinyl Plank: Yes
Tile: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

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

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes

On Site Utilities

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

CMU Style

Apartments/Multi Family: Yes
Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes