$1,880,000
MLS# 6470533
Status: Closed
24 beds | 12 baths | 8228 sqft
1 / 30
Property Description
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. Phase I completed without any issues. Additional investment opportunities available.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2024-03-08
Current Price: $1,880,000
Closed Date: 2024-03-08
Sales Close Price: 1880000
Contingency: None
ListPrice: 2200000
List Date: 2023-12-20
Office/Member Info
Association: SPAAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 11
Year Built: 1969
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 150X110
Acres: 0.38
Foundation Size: 4114
Garage Stalls: 0
For Sale or Lease: For Sale
Bedrooms: 24
Baths Total: 12
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: 2402924140105
Tax Year: 2023
Tax Amount: 27216.58
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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. Phase I completed without any issues. Additional investment opportunities available.
Directions: From SE University (CR-36) right onto SE Oak St (CR-37) to SE 4th St (Cr-37), right onto SE 10th Avenue, Left on SE 8th St, Left onto SE 9th Ave, to SE 7th St
Accessible
None: 1
Assessments
Assessment Balance: 298.54
Tax With Assessments: 27515.12
Building Information
Building Finished SqFt: 8228
Building SqFt: 8228
Construction Status
Previously Owned: 1
Exterior
Wood: 1
Financing Terms
Conventional: 1
Fuel
Natural Gas: 1
Heating
Hot Water: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 150x110
Detached: 1
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Unit 1
Leased?: No
Level: Main Level
Unit Number: 101
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Details
Total Units: 11
Water
City Water/Connected: 1
Income and Expenses
Annual Electric Expense: 1630
Annual Fuel Expense: 4644
Annual Gross Expenses: 55711
Annual Gross Income: 217361
Annual Insurance Expense: 5952
Annual Maintenance Expense: 3254
Annual Net Income: 161650
Annual Trash Expense: 2204
Annual Water/Sewer Expense: 3946
Total Annual Expenses: 55711
Unit 2
Leased?: No
Level: Main Level
No. of 2 Bedroom Units: 10
Unit Number: 102
Three-Quarter Baths: 2
Total Bathrooms: 2
Total Bedrooms: 4
Total Rooms: 7
Unit 3
Unit Number: 3
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 4
Unit Number: 4
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 5
Unit Number: 5
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 6
Unit Number: 6
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit 7
Unit Number: 7
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Other: 1
Unit 10
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 10
Unit 11
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 11
Unit 8
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 8
Unit 9
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 9
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Rollins Add
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Wood
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
Listing Office: Keller Williams Premier Realty
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.