UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Saint Anthony Falls
MLS Listing ID 7127269
Bedrooms 14
Year Built 2000
Annual Tax Amount $22,011
Tax Year 2026
Contingent None
Lot Size 0.290 Acres
Lot Dimensions 76x165
Property Description
All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units.
New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs.
Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original
condition, providing a clear path to increased cash flow and value.
Buyer and Buyer's Agent to verify square footage.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile
Inclusions Building, Fixture/Equipment, Inventory, Leases, Other, Rental License
Fireplace No
Appliance Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
Exterior
Parking Features Off Site, Paved Lot
Fence Chain Link
Utilities Available Electric Separate
Roof Type Age Over 8 Years,Asphalt
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks)
Story Two
Foundation 1
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Block,Concrete,Frame
New Construction false
Schools
School District Minneapolis
NEARBY SCHOOL & BUSINESS
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