1802 11th Avenue S Minneapolis, MN 55404

$1,995,000
Active
Apartment  |  MLS # 6428729
Active
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About The Listing

THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB.
The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.
Loan assumption on a low interest rate loan of about one million is available.


Listing courtesy of Steven Pierce, Bridge Realty, LLC
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1902
MLS #: 6428729
Garage Spaces: 0
Parking Description: Carport, Covered, Concrete, Paved, More Parking Offsite for Fee
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Finished, Full
Construction Description: Brick/Stone
Days On Market (Continuous): 328
Disability Features: Partially Wheelchair
Latest Update: 07/29/2024
List Date: 09/06/2023
Listing Agent ID: 502001093
Listing Office: Bridge Realty, LLC
Listing Office ID: 7125
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Lot Dimensions: 150x68
Lot Size: 0.23 Square Feet
Lot Features: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
View Description: City Lights
School District: Minneapolis
Tax Year: 2023
Estimated Taxes: $18,217
Contingency Type: None
City: Minneapolis
Zip: 55404
County: Hennepin
Subdivision: J S & W Elliots Add
State: MN
Listing last updated: 07/29/24

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