$1,464,900
MLS# 7108476
10200 sqft
1 / 41
Property Description
Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious updated studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,464,900
Contingency: None
ListPrice: 1464900
List Date: 2026-07-13
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 15
Waterfront YN: No
Year Built: 1939
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 53.00 X 145.50
Acres: 0.18
Foundation Size: 3400
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: BLOCK 002 NICOLLET ADDN TO MPLS LOT 9 AND S 24 FT OF LOT 8
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4531
Property ID Number: 0302824240073
Tax Year: 2025
Tax Amount: 22596
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious updated studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often.
Directions: Lake Street, south on Blaisdell to building
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 22596
Assumable Loan
Yes w/ Qualifying: 1
Building Information
Building Finished SqFt: 10200
Building SqFt: 10200
Construction Status
Previously Owned: 1
Existing Financing
Other: 1
Exterior
Brick/Stone: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 0
Parking Lot: 1
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building, Land, Rental License
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
No. of 1 Bedroom Units: 6
Unit Details
Total Units: 14
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Other: 1
Loan Terms
Assumable: 1
Unit Information
No. of Efficiency Units: 8
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Nicollet Add
Property Features
Accessible: None
Assumable Loan: Yes w/ Qualifying
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Other
Existing Financing: Other
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Assumable
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Metro Group Real Estate
Last Updated: August - 20 - 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.
