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Property Details

1529 E 38th Street
Minneapolis, MN 55407

Price: $1,200,000

Listing # 6583651


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Great cash flowing investment opportunity for sale in Minneapolis! This 11 unit apartment building has 1-bedroom and 1-bathroom in each unit. This building has been very well maintained and has over $200k in recent capital improvements! Each unit has been updated along with all the common areas. Recent building improvements include a concrete surface parking lot, high efficiency boiler and zone valves, roof, gutters, soffits, downspouts, windows, and separately metered electrical. Conveniently located close to restaurants, highways, public transportation, shopping, parks and more. Don’t miss this opportunity to own a quality multifamily property!

Basic Features:

Style Apartment,Low Rise
Type Commercial Sale
Zoning Business/Commercial,Residential-Multi-Family
Year Built 1959
School District Minneapolis
County Hennepin
Lot Size 92x92x92x92
Acreage 0.19 acres
Lot Description Public Transit (w/in 6 blks)
Number of Units 11
Tax $ / Year $15,916 / 2024
Tax ID
Legal Description

Includes:

Cooktop,Range,Refrigerator,Wall Oven,Building,Fixture/Equipment,Land,Leases

Additional Features
Government Programs
Section 11
Terrain Type
Cooling Wall Unit(s)
Driveway
Exterior Features Brick/Stone
Foundation 2624.00
Fuel Source Natural Gas
Handicap Access None
Heating Boiler
Roof Age 8 Years or Less
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Concrete,Other
Exterior Construction
Utilities Electric Common,Heating Common,Hot Water Common
Laundry N

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