For Sale: Minneapolis MLS# 7127269
Active
NEW!
$1,100,000
Commercial: 2 Stories
14 br • 9 ba • Built 2000
0.29 acres
Minneapolis schools
MLS# 7127269
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Property Description
Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer.
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
2000
State:
MN
Property Style:
2 Stories
Zip Code:
55414
Neighborhood/Area:
50
Subdivision Name:
Saint Anthony Falls
Interior
Bedrooms:
14
Bathrooms:
9
Flooring:
Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile
Appliances Included:
- Dishwasher
- Exhaust Fan
- Freezer
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Off Site
- Paved Lot
Unit Amenities:
- Ceiling Fan(s)
- Deck
- Kitchen Center Island
- Main Floor Primary Bedroom
- Multiple Phone Lines
- Patio
Road Frontage:
Sidewalks
Exterior Material:
- Block
- Concrete
- Frame
Roof Details:
- Age Over 8 Years
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.29
Geolocation:
44.983367, -93.24722
Inclusions:
Building, Fixture/Equipment, Inventory, Leases, Other, Rental License
Lot Dimensions:
76 x 165
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Electric Expense:
$1,999
Annual Insurance Expense:
$14,082
Annual Maintenance Expense:
$6,055
Annual Trash Expense:
$3,722
Annual Water/Sewer Expense:
$4,570
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$22,011
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$22,011
Income
Annual Gross Income:
$99,840
Rent
Annual Net Income:
$48,275
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Fuze Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.