Home › , Bloomington, MN 55420 (MLS# 6429849)

, Bloomington, MN 55420 (MLS# 6429849)

$1,490,000
Bloomington, MN 55420
MLS# 6429849
Status: Closed
23 beds  |  11 baths  |  10710 sqft
Bloomington, MN 55420
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Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420 Bloomington, MN 55420

Property Description
Deal Alert! Nestled in the heart of Bloomington, Minnesota, 9840 Nicollet Ave offers an exceptional opportunity to own a meticulously maintained 11-unit apartment building. This property epitomizes modern urban living with its prime location, upgraded units, and a motivated seller eager to make a deal. Priced well below replacement cost! Huge lot for possible future expansion opportunities. Several units within this building have undergone extensive renovations, boasting contemporary upgrades such as stainless steel appliances and sleek quartz countertops. These modern touches not only enhance the aesthetics but also offer convenience and functionality for today's urban lifestyle. With 11 units in total, this property presents an attractive investment opportunity. Whether you're an experienced investor looking to expand your portfolio or a first-time investor seeking a promising venture, this property offers strong income potential. Act quickly to secure this prime property.

Details
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2023-09-29
Current Price: 1470000
Closed Date: 2023-11-16
Sales Close Price: 1470000
Contingency: None
ListPrice: 1490000
List Date: 2023-09-07
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
Bedrooms: 23
Baths Total: 11
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
Postal City: Bloomington
County: Hennepin
State: MN
Zip Code: 55420
Complex/Dev/Subdivision: Essex Green
Assessments
Tax With Assessments: 21754.22
Building Information
Building Finished SqFt: 10956
Building SqFt: 10710
Income and Expenses
Annual Gross Income: 184140
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 15
Township#: 27
Sale Options
Sale Includes: Building, Leases
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
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone; Cedar
Fencing: Wire
Financing Terms: Conventional
Flooring: Luxury Vinyl Plank
Fuel: Electric; Natural Gas
Heating: Baseboard; Boiler
Internet Options: Fiber Optic
Loan Terms: Cash; Conventional
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Miscellaneous Information: Building Sign; Furnished Units
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: Parking Lot; Paved Lot
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Flat; Rubber
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: Three Or More
Tenant Pays: Electricity
Wall Description: Drywall; Finished; Insulated
Water: City Water/Connected

Listing Office: BuyRentSell.com, LLC

Last Updated: August - 07 - 2025

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.

Tuesday 20th of October 2026 12:36 PM

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