Address
2016 Central Avenue NE, Minneapolis, MN
Price
$ 825,000
Property Attributes
  • ID#6478950
  • TypePending
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaWilsons Rgt Blks East Side Add
  • NeighborhoodWilsons Rgt Blks East Side Add
  • Zip55418
  • StyleApartment
  • Year Built1905
  • Taxes$ 11825
  • Price$ 825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4864
  • Lot Size0.17 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Historic 8 unit brick apartment building on Central Ave. Featuring 8 large studios with full kitchens, living room, dining room, and full baths. With beautiful original oak flooring and woodwork throughout, classic hex tile bathrooms and classic fixtures. Owned and managed by the same family since the 1930s, this prominent building is ready for it's next long term owner and caretaker. Set on a large lot on Central with private alley access and off street parking in back, this building has substantial long term growth potential in a bustling business district. Centrally located steps to the shops, parks, breweries, and restaurants of Northeast Minneapolis.

Price History
1/19/2024 Listed $825,000

General Features

Sewer City Sewer/Connected
Heating Boiler
Cooling None
Utilities Electric Separate,Hot Water Common
Roof Age 8 Years or Less,Flat
Construction Materials Brick/Stone
Year Built 1905
Tenant Pays Cable TV,Electricity
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 64500
Accessibility None
County Hennepin
Operating Expense 7896
Property Type Commercial Sale
Association Amenities Coin-op Laundry Leased
Contingency None
Subdivision Name Wilsons Rgt Blks East Side Add
Directions Central 20th.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Business/Commercial,Residential-Multi-Family
NumberOfUnitsTotal 8
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 11825
Water Sewer Expense 2400
Additional Parcels Y/N No
Days on Market 101
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement (Y/N) No
Fuel Natural Gas

Exterior Features

Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.17
Building Area Total 4864
Lot Dimensions 52x184x33
Foundation Area 2400

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 Pending Average in 55418

Price
AVG $390K
$830K
Taxes
AVG $4,772
$11,825
Visits
AVG 115
70
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1905

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