Address
2014 2nd Avenue S, Minneapolis, MN
Price
$ 1,075,000
Property Attributes
  • ID#6477918
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaRemingtons Add
  • NeighborhoodRemingtons Add
  • Zip55404
  • Style
  • Year Built1929
  • Taxes$ 16330
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9480
  • Lot Size6,534 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

VINTAGE THREE STORY APARTMENT BUILDING BUILT IN 1929 WITH 9,480 SQ FT. 9 UNITS WITH 4-ONE BEDROOMS, 4-EFFICIENCES, AND 1-THREE BEDROOM, 4 ONSITE PARKING SPACES. NEW ROOF IN 2016. NEW BOILER IN 2022. SOME OF THE UNITS HAVE BEEN REMODELED WITH NEWER WINDOWS. THE BUILDING HAS BEEN DESIGNATED AN HISTORIC APARTMENT BUILDING BY THE MINNEAPOLIS HERITAGE PRESERVATION COMMISSION. CLOSE TO THE MINNEAPOLIS INSTITUTE OF ARTS.

Price History
1/16/2024 Listed $1,125,000
3/27/2024 5% - $1,075,000

General Features

Sewer City Sewer/Connected
Heating Boiler,Hot Water
Cooling Window Unit(s)
Utilities Heating Common
Roof Age 8 Years or Less,Asphalt,Pitched
Appliances Cooktop,Dishwasher,Dryer,Gas Water Heater,Range,Refrigerator,Washer
Garage Spaces 1
Construction Materials Brick/Stone
Year Built 1929
Tenant Pays Electricity
Levels Three Or More
Tax Year 2024
Current Use Residential
Gross Income 94800
OwnerPays Fuel,Insurance,Grounds Care,Repairs,Snow Removal,Taxes,Trash Collection,Water
Accessibility None
County Hennepin
Net Operating Income 48185
Insurance Expense 4710
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
MaintenanceExpense 7250
Subdivision Name Remingtons Add
Directions W Franklin Ave to 2nd Ave S
City Minneapolis
Buyer Agent Compensation 2.25
High School District Minneapolis
Zoning Description Residential-Single Family
Total Units 9
Street Name 2nd
Land Lease Y/N No
Tax Annual Amount 16330
Electric Expense 1760
Fuel Expense 8100
Water Sewer Expense 2465
Additional Parcels Y/N No
Days on Market 77
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Tile Floors
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement (Y/N) No
Street Suffix Avenue
Fuel Natural Gas

Exterior Features

Parking Features Detached,Asphalt,Paved,Unassigned
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building,Fixture/Equipment
Lot Size Area 0.15
Building Area Total 9480
Lot Dimensions 50x127
Lot Size Units Square Feet
Foundation Area 3160
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks

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

Property vs Commercial Average in 55404

Price
AVG $770K
$1.08M
Taxes
AVG $12,604
$16,330
Visits
AVG 105
115
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1929

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