Price Reduction
Address
2641 Girard Avenue S, Minneapolis, MN
Price
$ 1,525,000
Property Attributes
  • ID#6498349
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaKings Add
  • NeighborhoodKings Add
  • Zip55408
  • StyleApartment,Low Rise
  • Year Built1910
  • Taxes$ 21359
  • Price$ 1,525,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10800
  • Lot Size6,098 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

Price Reduced! Fully leased with a 7.7% Cap Rate! Several units were just renovated. Bring all offers to this 7-Unit Multifamily Building For Sale near the Lakes in South Minneapolis! Renovated & huge 3+ bedroom, 1,300+ square foot units. Beautiful hardwood floors, 3 season porches, exposed brick & great natural light throughout. Rear room off the kitchen could be a 4th bedroom, dining room, or office. One legal and large garden level unit. Total building size of about 10,800 square feet. Tenants pay all utilities and each unit has new separately metered high efficiency gas boilers for hot water baseboard heat. 5 off-street parking stalls for additional income.

Price History
3/4/2024 Listed $1,590,000
4/16/2024 5% - $1,525,000

General Features

Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Separate,Heating Separate,Hot Water Separate
Construction Materials Brick/Stone
Year Built 1910
Tenant Pays All Utilities
Property SubType Apartment,Low Rise
Tax Year 2024
Current Use Commercial,Residential
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Kings Add
Directions Girard Avenue South just off Hennepin Avenue between W 26th Street and W 27th Street.
City Minneapolis
Buyer Agent Compensation 2.00
High School District Minneapolis
Zoning Description Business/Commercial,Residential-Multi-Family
Total Units 7
Street Name Girard
Land Lease Y/N No
Tax Annual Amount 21359
Additional Parcels Y/N No
Days on Market 43
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Partially Finished
Basement (Y/N) Yes
Street Suffix Avenue
Fuel Natural Gas

Exterior Features

Parking Features Paved,Open
Water Source City Water/Connected
Inclusions Building,Land,Leases
Lot Size Area 0.14
Building Area Total 10800
Lot Dimensions 47x129
Lot Size Units Acres
Foundation Area 2700

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 55408

Price
AVG $700K
$1.53M
Taxes
AVG $35,085
$21,359
Visits
AVG 160
77
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1910

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