$3,850,000
Minneapolis, MN 55418
MLS# 7046184
1 / 12
Property Description
Very unique opportunity to redevelop this property into large 100+ unit multi family building. 19 Unit Building. 12 Residential Units (8 - 1 Bedrooms, 4 - 2 bedrooms) - 6 Commercial Units - 1 Large warehouse unit. Located on a main busy road in NE Minneapolis close to downtown. 128 x 174 corner lot on High-Volume Arterial Road. Seller financing can be available.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $3,850,000
Contingency: None
ListPrice: 3850000
List Date: 2026-03-31
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 26
Owner Occupied: No
Waterfront Present: No
Year Built: 1897
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Lot Dimensions: 128x175
Acres: 0.52
Foundation Size: 12166
Garage Stalls: 6
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: BLOCK 033 WILSONS RGT BLKS EAST SIDE ADDN LOTS 1 2 AND 3
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 8412
Property ID Number: 1102924440196
Tax Year: 2026
Tax Amount: 26204
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Very unique opportunity to redevelop this property into large 100+ unit multi family building. 19 Unit Building. 12 Residential Units (8 - 1 Bedrooms, 4 - 2 bedrooms) - 6 Commercial Units - 1 Large warehouse unit.
Located on a main busy road in NE Minneapolis close to downtown.
128 x 174 corner lot on High-Volume Arterial Road.
Seller financing can be available.
Directions: Includes 1842-1852 Central Avenue NE
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 26204
Building Information
Building Finished SqFt: 29434
Construction Status
Previously Owned: 1
Existing Financing
Free and Clear: 1
Exterior
Brick/Stone: 1
Stucco: 1
Foundation
Slab: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Corner Lot: 1
Public Transit (w/in 6 blks): 1
Miscellaneous Information
Homestead: No
Owner Pays
Taxes: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 3000
Paved Lot: 1
Public Survey Info
Range#: 24
Section#: 11
Township#: 29
Road Frontage
City Street: 1
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Sewer
City Sewer/Connected: 1
Unit 1
Unit Number: 1
No. of 1 Bedroom Units: 8
Unit Details
Total Units: 19
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Income: 297000
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
All Utilities: 1
Unit 2
No. of 2 Bedroom Units: 4
On Site Utilities
Electric Separate: 1
Heating Separate: 1
CMU Style
Apartments and Retail: 1
Apartments/Multi Family: 1
Mixed Use: 1
Current Use
Beauty/Barber Shop: 1
Residential: 1
Restaurant: 1
Retail: 1
Warehouse: 1
Loan Terms
Cash: 1
Contract for Deed: 1
Conventional: 1
Special Funding: 1
Other: 1
Overhead Door Clearance
10-14 Feet: 1
Location Tax and Other Information
House Number: 1844
Street Name: Central
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55418
Complex/Dev/Subdivision: Wilsons Rgt Blks East Side Add
Property Features
Accessible: None
CMU Style: Apartments and Retail; Apartments/Multi Family; Mixed Use
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Residential; Restaurant; Retail; Warehouse
Existing Financing: Free and Clear
Exterior: Brick/Stone; Stucco
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Contract for Deed; Conventional; Special Funding; Other
Lot Description: Corner Lot; Public Transit (w/in 6 blks)
On Site Utilities: Electric Separate; Heating Separate
Overhead Door Clearance: 10-14 Feet
Owner Pays: Taxes
Parking Characteristics: Paved Lot
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Pays: All Utilities
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: March - 31 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
