Address
2221 15th Avenue S, Minneapolis, MN
Price
$ 699,900
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

Property vs Commercial Average in 55404

Price
AVG $770K
$700K
Taxes
AVG $12,604
$6,688
Visits
AVG 105
107
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1911

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