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$1,300,000
Est. payment /mo
1 Bed
1 Bath
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision J S & W Elliots Add
MLS Listing ID 7090913
Bedrooms 1
Year Built 1968
Annual Tax Amount $23,343
Tax Year 2025
Contingent None
Lot Size 10,890 Sqft
Lot Dimensions 75.10 X 145.00
Property Description
Exceptional investment opportunity in high-demand Elliot Park! This well maintained 12-unit apartment building features spacious one bedroom, one bath units with generous living areas, several of which have been tastefully remodeled. Located just minutes from downtown Minneapolis, the property enjoys a highly walkable location with excellent access to public transit. Close to parks, universities, shopping, and dining. Strong rental history units are always occupied and lease quickly in this high-demand area.
Current rents are below market, offering significant upside potential for the next owner.
A standout feature: one of the few buildings in the area with a large off-street parking lot accommodating one car per unit, a major draw for tenants. Solid cash flow today with room to grow.
Current rents are below market, offering significant upside potential for the next owner.
A standout feature: one of the few buildings in the area with a large off-street parking lot accommodating one car per unit, a major draw for tenants. Solid cash flow today with room to grow.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Baseboard, Boiler
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Parking Lot, Paved Lot
Utilities Available Electric Separate
Present Use Residential
Building
Story Two
Foundation 3340
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by HomeSmart Sapphire Realty
NEARBY SCHOOL & BUSINESS
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