$1,995,000
( $249.38Per Sq Foot )
 $10,710 est/mo Sourced by Back At You

1802 11th Avenue , Minneapolis, MN 55404

Minneapolis, MN 55404

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Description

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.

Details

MLS#6428729
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1902
Days On Site423
Listing Provided ByBridge Realty, LLC | Steven Pierce

Features

SQ Feet8,000
Car PortYes
BasementY
Story(s)2
Units6
ZoningResidential-Multi-Family
Acreage0.00
Property ViewCity Lights

Market Activity 55404

 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of November 2, 2024 at 4:16:25 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMN
CountyHennepin
CityMinneapolis
Zip Code55404
AreaVentura Village
Community NameJ S & W Elliots Add
School District1
Listing VS Median (in J S & W Elliots Add)
Price:
$1,995,000
low | high
Med:
$1,131,500
93.28320802005% of Average
SqFt:
8,000
low | high
Med:
5,490
81.38125% of Average
$ / SqFt:
$249
low | high
Med:
$170
81.962290755422% of Average
On Site:
423
low | high
Med:
226.000000
100% of Average
Sourced by Back At You
Listing Updated: November 1, 2024 at 2:53:21 PM PDT
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