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Property Details

1802 11th Avenue S
Minneapolis, MN 55404

Price: $1,900,000

Listing # 6428729


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THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL ! A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The current leases are month to month. POSSIBLE ASSUMPTION OF ABOUT $1,000,000 AT 3.5% ! The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels.

Basic Features:

Style Apartment
Type Commercial Sale
Zoning Residential-Multi-Family
Year Built 1902
School District Minneapolis
County Hennepin
Lot Size 150x68
Acreage 0.23 acres
Lot Description Public Transit (w/in 6 blks),Corner Lot,Tree Coverage - Medium
Number of Units 6
Tax $ / Year $18,217 / 2023
Tax ID
Legal Description

Includes:

Dishwasher,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer,Building,Fixture/Equipment,Other

Additional Features
Government Programs
Section 26
Terrain Type
Basement Finished,Full
Cooling Central Air
Driveway
Exterior Features Brick/Stone
Foundation 2947.00
Fuel Source Natural Gas
Handicap Access Partially Wheelchair
Heating Forced Air
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Carport,Covered,Concrete,Paved,More Parking Offsite for Fee
Exterior Construction
Utilities Electric Separate,Heating Separate,Hot Water Separate
Laundry N

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