, Minneapolis, MN 55406 (MLS# 7002440)
$1,380,000
MLS# 7002440
Status: Closed
11010 sqft
1 / 18
Property Description
Opportunity to own 14 units in a great transit/walk-able neighborhood. Located on the bus-line and a block from the light rail. 1960's Value Add opportunity, with about 80% of the units being updated/renovated. Rents below market.
Details
Contract Information
Status: Closed
Off Market Date: 2026-05-20
Current Price: 1185000
Closed Date: 2026-06-15
Sales Close Price: 1185000
Contingency: None
ListPrice: 1380000
List Date: 2025-12-23
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 7
Owner Occupied: No
Waterfront YN: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 11010
For Sale or Lease: For Sale
Acres: 0.19
Lot Dimensions: xx
Assessment Pending: No
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Adams Rgt Lts Monarch & Burgess Adds
Assessments
Tax With Assessments: 23399
Basement
Foundation Dimensions: xx
Building Information
Building Finished SqFt: 11010
Building SqFt: 11010
Income and Expenses
Annual Gross Expenses: 66915
Annual Gross Income: 139435
Annual Net Income: 75520
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 01
Township#: 28
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit 1
No. of 1 Bedroom Units: 12
Unit 2
No. of 2 Bedroom Units: 2
Unit Details
Total Units: 14
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Stucco
Financing Terms: Conventional
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Heating Common
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
Listing Office: National Realty Guild
Last Updated: August - 27 - 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.
Thursday 22nd of October 2026 05:57 PM
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