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$1,499,900
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7,840 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Nicollet Add
MLS Listing ID 7108476
Year Built 1939
Annual Tax Amount $22,596
Tax Year 2025
Contingent None
Lot Size 7,840 Sqft
Lot Dimensions 53.00 X 145.50
Property Description
Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious updated studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building, Land, Rental License
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Other
Building
Story Two
Foundation 3400
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Jerry Lindeen • Metro Group Real Estate
Nearby School & Business
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REMAX TEAM
Full Service Brokerage | License ID: 40471702
Full Service Brokerage License ID: 40471702