$2,068,000
Minneapolis, MN 55404
MLS# 7126151
15300 sqft
1 / 29
Property Description
Beautiful maintained 22- unit multifamily property with many capital improvements, tastefully done units and hallways, a new roof. The property is part of the 4d Affordable Housing Incentive Program, resulting in a reduction in the property taxes, enhancing cash flow. A very healthy rental property with its proximity to Downtown Minneapolis, major transit routes, bus lines, hospitals, and community facilities, parks, bike trails. Phenomenal opportunity to add this income-producing asset to your portfolio.
Details
Maps
Contract Information
Status: Active
Current Price: $2,068,000
Contingency: None
ListPrice: 2068000
List Date: 2026-08-12
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Waterfront YN: No
Year Built: 1959
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5100
For Sale or Lease: For Sale
Acres: 0.27
Lot Dimensions: 75x160
Assessment Pending: Unknown
Assessments
Tax With Assessments: 7468
Building Information
Building Finished SqFt: 15300
Building SqFt: 15300
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 35
Township#: 29
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
No. of 1 Bedroom Units: 17
Unit Details
Total Units: 22
Income and Expenses
Annual Gross Expenses: 101604
Annual Gross Income: 261861
Annual Net Income: 160257
Unit Information
No. of Efficiency Units: 5
Location Tax and Other Information
House Number: 2110
Street Name: Park
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: G N Merriams Add
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Foundation: Brick/Mortar; Stone
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional; FHA; VA
On Site Utilities: Electric Separate
Parking Characteristics: Parking Lot
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: September - 02 - 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.
