Home › 2725 Pleasant Avenue, Minneapolis, MN 55408 (MLS# 7141393)

2725 Pleasant Avenue, Minneapolis, MN 55408 (MLS# 7141393)

$2,400,000
2725 Pleasant Avenue
Minneapolis, MN 55408
MLS# 7141393

2725 Pleasant Avenue, Minneapolis, MN 55408
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Property Description
Outstanding value-add investment opportunity in South Minneapolis. This 100%-occupied, 21-unit apartment building at 2725 Pleasant Ave S (1 efficiency, 3 studio/1-bath, 15 one-bedrooms, 2 two-bedrooms, plus 25 surface parking spaces and on-site laundry) offers a buyer immediate cash flow with significant upside as rents move to market. 15 units have already been updated, including 5 with new bathrooms, the 21st unit is currently being renovated and reactivated for an added income stream. Major capital items are already addressed — a full roof and parapet wall rebuild ($350,000, 2023) and a 2026 sewer main lining — plus fresh common-area paint and new hallway carpet on order. A building-wide RUBS program was implemented within the past 12 months, shifting water/sewer, trash, and electric/gas costs to tenants, and the 25 parking spaces (currently free) offer a straightforward paid-parking upside. Seller financing may be available for qualified buyers.

Details
Maps
Contract Information
Status: Active
Current Price: 2400000
Contingency: None
ListPrice: 2400000
List Date: 2026-09-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Fuze Real Estate
Multiple PIDs?: No
Other Parking Spaces: 25
Owner Occupied: No
Waterfront YN: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1
For Sale or Lease: For Sale
Acres: 0.34
Assessment Pending: No
Location Tax and Other Information
House Number: 2725
Street Name: Pleasant
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: 34164
Building Information
Building Finished SqFt: 10000
Income and Expenses
Annual Gross Expenses: 105000
Annual Gross Income: 201000
Annual Net Income: 97000
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
No. of 1 Bedroom Units: 15
Unit 2
No. of 2 Bedroom Units: 2
Unit Details
Total Units: 21
Unit Information
No. of Efficiency Units: 3
Property Features
Accessible: Other
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Other
Foundation: Other
Fuel: Other
Heating: Other
Loan Terms: Cash; Conventional; Special Funding; Other
Lock Box Type: Combo
On Site Utilities: None Available
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water - In Street

Listing Office: Fuze Real Estate

Last Updated: September - 10 - 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.

Sunday 11th of October 2026 07:27 PM

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