1500 10th Avenue S, Minneapolis, MN 55404 (MLS# 7090913)


$1,300,000
1500 10th Avenue S
Minneapolis, MN 55404
MLS# 7090913
1 beds  |  1 baths  |  10020 sqft


1500 10th Avenue S, Minneapolis, MN 55404
  1 / 3  
1500 10th Avenue S, Minneapolis, MN 55404 1500 10th Avenue S, Minneapolis, MN 55404 1500 10th Avenue S, Minneapolis, MN 55404

Property Description
Exceptional investment opportunity in high-demand Elliot Park! This well maintained 12-unit apartment building features spacious one bedroom, one bath units with generous living areas, several of which have been tastefully remodeled. Located just minutes from downtown Minneapolis, the property enjoys a highly walkable location with excellent access to public transit. Close to parks, universities, shopping, and dining. Strong rental history units are always occupied and lease quickly in this high-demand area. Current rents are below market, offering significant upside potential for the next owner. A standout feature: one of the few buildings in the area with a large off-street parking lot accommodating one car per unit, a major draw for tenants. Solid cash flow today with room to grow.

Details
Maps
Contract Information
Status: Active
Current Price: 1300000
Contingency: None
ListPrice: 1300000
List Date: 2026-06-13
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Waterfront YN: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 1
Baths Total: 1
Foundation Size: 3340
For Sale or Lease: For Sale
Acres: 0.25
Lot Dimensions: 75.10 X 145.00
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 1500
Street Name: 10th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: J S & W Elliots Add
Assessments
Tax With Assessments: 27235
Basement
Foundation Dimensions: 49.10 x 71.3
Building Information
Building Finished SqFt: 10020
Building SqFt: 10020
Income and Expenses
Annual Electric Expense: 1960
Annual Fuel Expense: 6280
Annual Gross Income: 136800
Annual Maintenance Expense: 1440
Annual Net Income: 123920
Annual Trash Expense: 3000
Annual Water/Sewer Expense: 4320
Total Annual Expenses: 12880
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 26
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit 1
No. of 1 Bedroom Units: 12
Unit Details
Total Units: 12
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick Veneer
Foundation: Combination; Slab
Fuel: Electric; Natural Gas
Heating: Baseboard; Boiler
Lock Box Type: Combo
On Site Utilities: Electric Separate
Owner Pays: Gas; Maintenance/Repair; Trash Collection; Water
Parking Characteristics: Parking Lot; Paved Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Escalation
Water: City Water/Connected

Listing Office: HomeSmart Sapphire Realty

Last Updated: June - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 24th of October 2026 06:25 AM

218-998-4400