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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