$184,900
MLS# 7143353
5202 sqft
1 / 7
Property Description
Excellent opportunity to acquire a 6-unit multifamily property in a convenient and established location. The building features 1 one-bedroom unit and 5 two-bedroom units, offering an attractive unit mix for investors seeking strong rental income potential. SOLD AS IS and rehab ready, providing an opportunity for an investor or owner-operator to renovate and reposition the property to maximize its income potential. Property Highlights: Street parking directly in front of the building, with an add'l parking lot located behind the building. Located just 1 block from Lyndale Avenue/busline/walkability. Approximately 3 blocks from Fairview Park Convenient access to nearby neighborhood amenities, transportation, shopping, and services. 48 hour notice for showing. Property Management Representative will provide access 10am-3pm.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $184,900
Contingency: None
ListPrice: 184900
List Date: 2026-09-09
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Waterfront YN: No
Year Built: 1964
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Lot Dimensions: 48x61
Acres: 0.25
Foundation Size: 1776
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: BLOCK 009 COBBS ADDN TO NORTH MPLS LOT 11 AND THE WEST 24 FEET OF LOT 12
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3699
Property ID Number: 1502924220252
Tax Year: 2026
Tax Amount: 3041
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Excellent opportunity to acquire a 6-unit multifamily property in a convenient and established location. The building features 1 one-bedroom unit and 5 two-bedroom units, offering an attractive unit mix for investors seeking strong rental income potential.
SOLD AS IS and rehab ready, providing an opportunity for an investor or owner-operator to renovate and reposition the property to maximize its income potential.
Property Highlights:
Street parking directly in front of the building, with an add'l
parking lot located behind the building.
Located just 1 block from Lyndale Avenue/busline/walkability.
Approximately 3 blocks from Fairview Park
Convenient access to nearby neighborhood amenities, transportation, shopping, and services.
48 hour notice for showing. Property Management Representative will provide access 10am-3pm.
Directions: Hwy 94, Broadway Ave. W, Lyndale Ave. N, 23rd E to building
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 3261
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 48x61
Building Information
Building Finished SqFt: 5202
Building SqFt: 5202
Construction Status
Previously Owned: 1
Existing Financing
Other: 1
Exterior
Block: 1
Fencing
Full: 1
Foundation
Brick/Mortar: 1
Fuel
Natural Gas: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Off Site: 1
Public Survey Info
Range#: 24
Section#: 15
Township#: 29
Road Frontage
City Street: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Unit 1
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 6
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
Tenant Pays
Electricity: 1
Unit 2
No. of 2 Bedroom Units: 5
On Site Utilities
Heating Common: 1
Heating Separate: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional Rehab: 1
Other: 1
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55411
Complex/Dev/Subdivision: Cobbs Add To North
Property Features
Accessible: None
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Other
Exterior: Block
Fencing: Full
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Baseboard
Loan Terms: Cash; Conventional Rehab; Other
Lock Box Type: None
On Site Utilities: Heating Common; Heating Separate
Parking Characteristics: Parking Lot; Off Site
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Pays: Electricity
Water: City Water/Connected
Listing Office: Banneker Realty, LLC
Last Updated: September - 12 - 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.
