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Active
$499,000
/mo Edit
Lot/Land:  Lot/Land
0.13 acres
Minneapolis schools
MLS# 6600535
My rating:
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    Property Description

    Located in the Tangletown neighborhood with a wonderful walk score near the southwest corner of 46th & Nicollet presents an incredible opportunity to build a proposed 18-unit new construction apartment project. The hard work is over! Existing home and utilities have been cleared. Proposed project has been designed for administrative approvals. Concept plans are attached. Buyer can purchase the site (including plans and all documents) and have us build the project or use own builder. Buyer could option to change the use if interested but we believe a boutique multifamily apartment is highest and best use. An ideal scenario for an owner / operator looking to take the next step or add to the portfolio.

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Lot/Land
    Zip Code: 55419
    Neighborhood/Area: Tangletown
    Subdivision Name: Swans 2nd Add
    Builder Name: REIMAGINE SOUTHWEST LLC

    Exterior

    Road Responsibility: Public Maintained Road
    Road Frontage:
    • City Street
    • County Road
    • Paved Streets
    • Sidewalks

    Lot & Land

    Acres: 0.13
    Geolocation: 44.918336, -93.278361
    Inclusions: Soil Test Available, Survey
    Lot Dimensions: 45 x 127
    Restrictions: None
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family
    Lot Description:
    • Cleared
    • Infill Lot
    • Public Transit (w/in 6 blks)
    • Underground Utilities

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,776
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,551
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Development Status: Other
    Improvements: Other
    Available Utilities:
    • Electricity Available
    • Natural Gas Available
    • None Connected
    • Sewer Available
    • Solar Available
    • Underground Utilities Available
    • Water Available

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Stone Arch Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.