Price Reduction
Address
1920 Stevens Avenue, Minneapolis, MN
Price
$ 694,500
Property Attributes
  • ID#6546925
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaJackson Daniels & Whitneys Add
  • NeighborhoodJackson Daniels & Whitneys Add
  • Zip55403
  • StyleApartment
  • Year Built1890
  • Taxes$ 11696
  • Price$ 694,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6544
  • Lot Size0.29 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Act quickly on this one!!! NEW ROOF 6/2024. NEW BOILER to be installed with accepted offer. NEWER Water Heater installed. COPPER WATER LINE to street. Updated Electric on the 1st and 2nd floors: 2016. The 3rd - Floor loft has separate electricity. Unique investment opportunity to own this 9-unit converted mansion with good cash-flow! This historic Victorian-era property offers ornate woodwork, original fireplaces, and hardwood floors with inlays. The main floor offers two efficiency units and a large two-bedroom unit. The second floor offers five efficiencies each with a kitchenette, Two have a private bath, and three share a hallway bathroom. The third floor is a large loft unit (original ballroom) with vaulted ceilings, skylights, and original built-ins, and would work perfectly for an owner-occupant or VRBO. Generous off-street parking for ten cars.

Price History
6/4/2024 Listed $695,000
6/10/2024 1% - $694,500

General Features

Sewer City Sewer/Connected
Heating Boiler,Radiator(s)
Cooling None
Utilities Electric Common,Heating Common,Hot Water Common
Roof Age 8 Years or Less
Appliances Dryer,Range,Refrigerator,Washer
Construction Materials Wood Siding
Year Built 1890
Tenant Pays None
Levels Three Or More
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 103680
OwnerPays All Utilities
Accessibility None
County Hennepin
Net Operating Income 83400
Insurance Expense 3600
Property Type Commercial Sale
Association Amenities Common Garden
Contingency None
MaintenanceExpense 1200
Subdivision Name Jackson Daniels & Whitneys Add
Directions Nicollet Avenue,East on 19th Street,South on Stevens to Property.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Business/Commercial,Residential-Multi-Family
NumberOfUnitsTotal 9
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 11696
Electric Expense 4080
Fuel Expense 6600
Trash Expense 3000
Water Sewer Expense 3000
Additional Parcels Y/N No
Days on Market 10
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Natural Woodwork
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Stone/Rock
Basement (Y/N) Yes
Fuel Natural Gas

Exterior Features

Parking Features None
Water Source City Water/Connected
Inclusions Building,Land
Lot Size Area 0.29
Building Area Total 6544
Lot Dimensions 90x128
Foundation Area 2356
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 55403

Price
AVG $910K
$690K
Taxes
AVG $17,981
$11,696
Visits
AVG 254
47
Data Provided by Inside Real Estate®
Year Built
AVG 1933
1890

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.