For Sale: Minneapolis MLS# 7091641
Active
NEW!
$1,350,000
Commercial: 2 Stories
11 br • 12 ba • Built 1925
0.21 acres
Minneapolis schools
MLS# 7091641
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
12-unit apartment building in Minneapolis offering a compelling value-add opportunity for the savvy investor. Unit mix consists of 11 one-bedroom units and 1 studio, providing broad rental appeal in a market with consistently strong demand for affordable, right-sized units. Building amenities include on-site laundry and a detached 10-stall garage — a highly marketable feature that commands premium rents and drives tenant retention. Current rents offer meaningful upside through unit updates and lease-up to market rate. Solid bones, strong location, and room to grow NOI make this an ideal addition to any portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,350,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
10
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
2 Stories
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Sundquist Add
Interior
Bedrooms:
11
Bathrooms:
12
Ceiling Height:
8-10
Flooring:
Carpet, Vinyl, Wood
Refrigerators:
Six or More
Appliances Included:
- Range
- Refrigerator
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
10
Garage Size:
2,000 ft2
Air Conditioning:
Window Unit(s)
Foundation Size:
7,644 ft2
Handicap Accessible:
None
Heating System:
Radiator
Parking Features:
- Assigned
- Detached Garage
- Gravel
Unit Amenities:
- City View
- Natural Woodwork
Exterior Material:
- Brick
- Concrete
Pool:
None
Roof Details:
- Age 8 Years or Less
- Tar/Gravel
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.21
Geolocation:
44.941872, -93.280163
Inclusions:
Building, Leases
Lot Dimensions:
63X145
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Expenses
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$18,602
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$18,608
Units
Total Units:
12
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.