Property Description THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. CONTRACT FOR DEED TERMS AVAILABLE!
The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.
Details
Maps
Documents
Contract Information
Status: Closed
Off Market Date: 2025-11-15
Current Price: 1700000
Closed Date: 2026-03-30
Sales Close Price: 1700000
Contingency: None
ListPrice: 1900000
List Date: 2023-09-05
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront Present: No
Year Built: 1902
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 9
Baths Total: 10
Lot Size SqFt: 10019
Foundation Size: 2947
For Sale or Lease: For Sale
Lot Dimensions: 150x68
Location Tax and Other Information
House Number: 1802
Street Name: 11th
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: 19003
Building Information
Building Finished SqFt: 8000
Building SqFt: 8841
Ceiling Height: 8-10
Income and Expenses
Annual Electric Expense: 4800
Annual Fuel Expense: 1800
Annual Insurance Expense: 10500
Annual Trash Expense: 2160
Annual Water/Sewer Expense: 3600
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, Fixture/Equipment, Other
Unit 1
Unit Number: 1
Monthly Rent: 2111
Full Baths: 1
Half Baths: 1
Total Bathrooms: 2
Total Bedrooms: 2
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2025-01-31
No. of 1 Bedroom Units: 1
Unit 2
No. of 2 Bedroom Units: 4
Full Baths: 1
Half Baths: 1
Lease Expiration Date: 2024-06-30
Leased?: Yes
Monthly Rent: 1909
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 2
Unit 3
Full Baths: 1
Half Baths: 1
Lease Expiration Date: 2024-08-31
Leased?: Yes
Monthly Rent: 2081
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 3
Unit 4
Full Baths: 1
Half Baths: 1
Lease Expiration Date: 2024-05-31
Leased?: Yes
Monthly Rent: 1899
Total Bathrooms: 2
Total Bedrooms: 2
Unit Number: 4
Unit 5
Full Baths: 1
Lease Expiration Date: 2024-04-30
Leased?: Yes
Monthly Rent: 1586
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 5
Unit 6
Full Baths: 1
Lease Expiration Date: 2024-06-30
Leased?: Yes
Monthly Rent: 1162
Total Bathrooms: 1
Unit Number: 6
Unit Details
Total Units: 6
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: Partially Wheelchair
Air Conditioning: Central Air
Amenities Shared: Common Garden; Patio; Security Building
Amenities Unit: City View; Ethernet Wired; In-Ground Sprinkler