9840 Nicollet Avenue S, Bloomington, MN 55420 (MLS# 6222125)
$1,350,000
Bloomington, MN 55420
MLS# 6222125
Status: Closed
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Property Description
Well-kept 11-unit apartment complex with off street parking lot, large green areas and coin operated laundry for tenants. Totally remodeled in 2015 due to a fire in the unit. New plumbing, and mechanicals. Located near the bus line, shops and services and also the MALL OF AMERICA. Hurry this one won't last.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2022-07-11
Current Price: 1500000
Closed Date: 2022-08-15
Sales Close Price: 1500000
Contingency: None
ListPrice: 1350000
List Date: 2022-06-17
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3570
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.74
Lot Dimensions: 120x267
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 9840
Street Name: Nicollet
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Bloomington
County: Hennepin
State: MN
Zip Code: 55420
Complex/Dev/Subdivision: Essex Green
Assessments
Tax With Assessments: 19293
Building Information
Building Finished SqFt: 10956
Building SqFt: 10710
Ceiling Height: 8-10
Income and Expenses
Annual Gross Expenses: 82192
Annual Gross Income: 141485
Annual Insurance Expense: 4166
Annual Maintenance Expense: 9904
Annual Net Income: 59303
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 15
Township#: 27
Sale Options
Sale Includes: Building, Land
Unit 2
No. of 2 Bedroom Units: 10
Unit 3
No. of 3 Bedroom Units: 1
Unit Details
Total Units: 11
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Coin-op Laundry Owned; Other
Amenities Unit: Kitchen Window
Appliances: Range; Refrigerator
CMU Style: Apartments/Multi Family
Commercial Kitchen Appliances: Refrigerator
Construction Materials: Block; Brick; Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone; Cedar
Fencing: Wire
Financing Terms: Conventional
Flooring: Carpet; Vinyl/Linoleum
Fuel: Electric
Heating: Baseboard; Boiler
Internet Options: Cable; Satellite
Loan Terms: Cash; Conventional; Other
Location Description: Other/See Remarks
Lock Box Type: Supra
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: None
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Private Maintained Road
Roof: Age Over 8 Years; Flat; Pitched; Rubber
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: Three Or More
Tenant Pays: Electricity
Wall Description: Drywall; Finished; Insulated
Water: City Water/Connected
Window Features: Garden Window(s); Wood Frames
Listing Office: RE/MAX Results
Last Updated: August - 07 - 2025
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