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$ 2,068,000
Est. payment | /mo
0.27 Acres Lot
$ 2,068,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision G N Merriams Add
MLS Listing ID 7126151
Year Built 1959
Annual Tax Amount $6,780
Tax Year 2026
Contingent None
Lot Size 0.270 Acres
Lot Dimensions 75x160
Property Description
Beautiful maintained 22- unit multifamily property with many capital improvements, tastefully done units and hallways, a new roof. The property is part of the 4d Affordable Housing Incentive Program, resulting in a reduction in the property taxes, enhancing cash flow. A very healthy rental property with its proximity to Downtown Minneapolis, major transit routes, bus lines, hospitals, and community facilities, parks, bike trails. Phenomenal opportunity to add this income-producing asset to your portfolio.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s)
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate
Present Use Residential
Building
Story Three Or More
Foundation 5100
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Minneapolis
Listed by Todd Fairbanks • RE/MAX Results
Nearby Locations
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Sophia Thu Pham
REALTOR® | Lic# 20474802