Property Attributes
- ID#6476000
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaEliots Add
- NeighborhoodEliots Add
- Zip55404
- Style
- Year Built1911
- Taxes$ 6688
- Price$ 699,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6206
- Lot Size7,405 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Unique opportunity to own nearly 1/4 city block in MPLS! Mixed-use building - currently 2 units on main floor rented by the same long term tenant $2400/month - steady & reliable income. They would prefer to stay. 2 Residential apartments above - 1BR apartment on north side is month to month - $750 (under market). Very large & unique studio apartment is owner occupied with 12 foot ceilings & large roof top deck shared with the other one bedroom apartment. Large unfinished space in the basement could be added as FSF to the commercial space or be turned into another unit. 4 car+ garage is currently used by the owners, but has been rented to neighbors/tenants in the past for additional income. Close date is flexible.
Price History | |
---|---|
2/29/2024 | Listed $725,000 |
3/27/2024 | 4% - $699,900 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Forced Air |
Cooling | Central Air |
Utilities | Electric Separate,Heating Separate,Hot Water Separate |
Roof | Flat,Pitched,Tar/Gravel |
Garage Spaces | 4 |
Construction Materials | Brick/Stone |
Year Built | 1911 |
Tenant Pays | Electricity,Gas |
Levels | Two |
Tax Year | 2023 |
Current Use | Commercial,Residential |
Gross Income | 52200 |
OwnerPays | Insurance,Grounds Care,Repairs,Taxes |
Accessibility | None |
County | Hennepin |
Net Operating Income | 41682 |
Insurance Expense | 6300 |
Property Type | Commercial Sale |
Contingency | None |
Subdivision Name | Eliots Add |
Possible Use | Office,Professional Service,Diversified,Investment |
Directions | Bloomington Ave to 23th St,west to 15th Ave S. Property is on the corner. |
City | Minneapolis |
Buyer Agent Compensation | 2.70 |
High School District | Minneapolis |
Zoning Description | Business/Commercial,Residential-Multi-Family |
Total Units | 4 |
Street Name | 15th |
Land Lease Y/N | No |
Tax Annual Amount | 6688 |
Water Sewer Expense | 1200 |
Additional Parcels Y/N | No |
Days on Market | 27 |
Standard Status | Active |
Lender Owned | No |
Buyer Agent Compensation Type | % |
PostalCity | Minneapolis |
Interior Features
Basement | Full |
---|---|
Basement (Y/N) | Yes |
Street Suffix | Avenue |
Fuel | Natural Gas |
Exterior Features
Parking Features | Detached,Concrete,Other |
---|---|
Lot Features | Public Transit (w/in 6 blks),Corner Lot |
Water Source | City Water/Connected |
Inclusions | Building,Land,Leases |
Lot Size Area | 0.17 |
Building Area Total | 6206 |
Lot Dimensions | 56x134 |
Lot Size Units | Acres |
Foundation Area | 3103 |
Road Frontage Type | City Street |
Road Responsibility | Public Maintained Road |
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