1055 Spencer Street S, Shakopee, MN 55379 (MLS# 6790933)
$1,675,000
Shakopee, MN 55379
MLS# 6790933
Status: Closed
23 beds | 11 baths
1 / 34
Property Description
Wonderful 11-unit apartment building in Shakopee! Ten 2 bedroom, 1 bath units and one 3 bedroom, 1 bath unit. Includes parking lot, 7 garage stalls, owned coin-op laundry, extra storage lockers, automatic locking security doors, excellent rental history and in a great location, close to schools and not far from downtown. Come see!
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-10-27
Current Price: 1675000
Closed Date: 2025-12-22
Sales Close Price: 1675000
Contingency: None
ListPrice: 1675000
List Date: 2025-09-18
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 11
Owner Occupied: No
Waterfront Present: No
Year Built: 1967
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 23
Baths Total: 11
Foundation Size: 3600
Garage Stalls: 7
For Sale or Lease: For Sale
Acres: 0.57
Lot Dimensions: 141x177
Location Tax and Other Information
House Number: 1055
Street Name: Spencer
Street Suffix: Street
Street Direction Suffix: S
Postal City: Shakopee
County: Scott
State: MN
Zip Code: 55379
Additional Parcels Information
Property ID #2: 270220210
Assessments
Tax With Assessments: 17778
Basement
Foundation Dimensions: 80x45
Building Information
Building Finished SqFt: 10800
Building SqFt: 10800
Income and Expenses
Annual Caretaker Expense: 4800
Annual Electric Expense: 732
Annual Fuel Expense: 2928
Annual Gross Expenses: 64630
Annual Gross Income: 164112
Annual Insurance Expense: 11049
Annual Maintenance Expense: 6958
Annual Net Income: 99473
Annual Repair Expense: 1441
Annual Trash Expense: 1977
Annual Water/Sewer Expense: 3660
Total Annual Expenses: 59839
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 726
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 101
Monthly Rent: 1295
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Level: Below Ground
Unit Total SqFt: 750
Leased?: Yes
Lease Expiration Date: 2025-10-31
Unit 10
Full Baths: 1
Lease Expiration Date: 2026-05-01
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1175
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 303
Unit Total SqFt: 750
Unit 11
Full Baths: 1
Lease Expiration Date: 2026-01-01
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1200
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 304
Unit Total SqFt: 750
Unit 2
No. of 2 Bedroom Units: 10
Full Baths: 1
Lease Expiration Date: 2026-10-01
Leased?: Yes
Level: Below Ground
Monthly Rent: 1150
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 102
Unit Total SqFt: 750
Unit 3
No. of 3 Bedroom Units: 1
Full Baths: 1
Lease Expiration Date: 2026-07-01
Leased?: Yes
Level: Below Ground
Monthly Rent: 1425
Total Bathrooms: 1
Total Bedrooms: 3
Unit Number: 103
Unit Total SqFt: 900
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-05-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1250
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 201
Unit Total SqFt: 750
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-03-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1120
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 202
Unit Total SqFt: 750
Unit 6
Full Baths: 1
Lease Expiration Date: 2026-05-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1225
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 203
Unit Total SqFt: 750
Unit 7
Full Baths: 1
Lease Expiration Date: 2026-10-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1240
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 204
Unit Total SqFt: 750
Unit 8
Full Baths: 1
Lease Expiration Date: 2026-06-01
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1200
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 301
Unit Total SqFt: 750
Unit 9
Full Baths: 1
Lease Expiration Date: 2026-10-01
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1150
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 302
Unit Total SqFt: 750
Unit Details
Total Units: 11
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned
Appliances: Range; Refrigerator
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Financing Terms: Conventional
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Location Description: Free Standing
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity; Telephone
Topography: Level
Water: City Water/Connected
Listing Office: Kubes Realty Inc
Last Updated: January - 27 - 2026
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