Property Description Well-maintained and fully leased, this 14-unit apartment building features all 1-bedroom, 1-bath units in a high-demand Minneapolis rental area. Each unit offers functional layouts, bright living spaces, and on-site laundry. Secure entry and parking add tenant appeal. With stable income and minimal deferred maintenance, this turnkey asset is ideal for investors seeking steady cash flow and long-term upside.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-08-28
Current Price: 1495000
Closed Date: 2025-09-02
Sales Close Price: 1495000
Contingency: None
ListPrice: 1495000
List Date: 2025-08-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront Present: No
Year Built: 1920
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 12
Baths Total: 12
Foundation Size: 9095
For Sale or Lease: For Sale
Acres: 0.17
Lot Dimensions: 44.89x165
Location Tax and Other Information
House Number: 2709
Street Name: Blaisdell
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: J T Blaisdells Rev Add
Assessments
Tax With Assessments: 23124.46
Building Information
Building Finished SqFt: 9095
Building SqFt: 10914
Income and Expenses
Annual Caretaker Expense: 8823.5
Annual Gross Expenses: 72945.68
Annual Gross Income: 183360
Annual Insurance Expense: 5600
Annual Net Income: 110414.32
Annual Repair Expense: 7353
Annual Trash Expense: 5656
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 34
Township#: 29
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Monthly Rent: 1080
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Leased?: Yes
Lease Expiration Date: 2025-08-28
No. of 1 Bedroom Units: 12
Unit 10
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1040
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 10
Unit 11
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1080
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 11
Unit 12
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1080
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 12
Unit 2
No. of 2 Bedroom Units: 2
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 700
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 2
Unit 3
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1080
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 3
Unit 4
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1100
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 4
Unit 5
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1030
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 5
Unit 6
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1130
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 6
Unit 7
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Level: Multi-Level
Monthly Rent: 1080
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 7
Unit 8
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1150
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 8
Unit 9
Full Baths: 1
Lease Expiration Date: 2025-08-28
Leased?: Yes
Monthly Rent: 1080
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 9
Unit Details
Total Units: 14
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Leased
Amenities Unit: Hardwood Floors; Tile Floors
Appliances: Range; Refrigerator
Basement: Concrete Block; Unfinished
CMU Style: Apartments/Multi Family
Commercial Kitchen Appliances: Oven; Refrigerator
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Flooring: Tile; Vinyl/Linoleum; Wood
Foundation: Other
Fuel: Natural Gas
Heating: Hot Water
Loan Terms: Conventional
Lock Box Type: Combo
Lot Description: Public Transit (w/in 6 blks)
On Site Utilities: Electric Separate
Owner Pays: Gas; Maintenance/Repair; Trash Collection; Water