Property Attributes
- ID#6470543
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaMcmillans Sub Blks Rollins Add
- NeighborhoodMcmillans Sub Blks Rollins Add
- Zip55414
- StyleApartment
- Year Built1987
- Taxes$ 111959
- Price$ 6,900,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage28658
- Lot Size1.26 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.
Price History | |
---|---|
12/20/2023 | Listed $8,000,000 |
3/14/2024 | 14% - $6,900,900 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Hot Water |
Utilities | Electric Separate,Heating Common,Hot Water Common |
Construction Materials | Brick/Stone |
Year Built | 1987 |
Property SubType | Apartment |
Tax Year | 2023 |
Current Use | Residential |
Gross Income | 763242 |
Accessibility | None |
Additional Parcels Description | 2402924140128 |
County | Hennepin |
Net Operating Income | 506235 |
Operating Expense | 257008 |
Insurance Expense | 9013 |
Property Type | Commercial Sale |
Contingency | None |
MaintenanceExpense | 58751 |
Subdivision Name | Mcmillans Sub Blks Rollins Add |
Directions | Kasota Ave/Energy Park Drive (CR32) to SE Elm,left,follow to property on right. |
City | Minneapolis |
Buyer Agent Compensation | 2.30 |
High School District | Minneapolis |
Zoning Description | Residential-Multi-Family |
Total Units | 44 |
Street Name | Elm |
Land Lease Y/N | No |
Tax Annual Amount | 111959 |
Electric Expense | 8699 |
Fuel Expense | 21976 |
Trash Expense | 6764 |
Water Sewer Expense | 19713 |
Additional Parcels Y/N | Yes |
Days on Market | 85 |
Standard Status | Active |
Lender Owned | No |
Buyer Agent Compensation Type | % |
PostalCity | Minneapolis |
Interior Features
Basement (Y/N) | No |
---|---|
Street Suffix | Street |
Fuel | Natural Gas |
Exterior Features
Parking Features | Assigned |
---|---|
Water Source | City Water/Connected |
Inclusions | Building,Rental License |
Lot Size Area | 1.26 |
Building Area Total | 28658 |
Lot Dimensions | 172x167 |
Lot Size Units | Acres |
Foundation Area | 6748 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool