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.
| MLS # | 7126151 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 11 |
| Listing Provided By | RE/MAX Results | Todd Fairbanks |
| SQ Feet | 15,300 |
|---|---|
| Basement | Y |
| Units | 22 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.27 |
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Boiler |
| Parking Features | Parking Lot |
|---|
| Utilities | Electric Separate |
|---|
| Property | 6780 |
|---|
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55404 |
| Area | 78 |
| Community Name | G N Merriams Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in G N Merriams Add) | |
Price: $2,068,000 low | high Med: $1,750,000 sqft: 15,300 low | high Med: 13,789 $ / sqft: $135 low | high Med: $127 On site: 11 low | high Med: 251 | |
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55404 |
| Area | 78 |
| Community Name | G N Merriams Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in G N Merriams Add) | |
Price: $2,068,000 low | high Med: $1,750,000 sqft: 15,300 low | high Med: 13,789 $ / sqft: $135 low | high Med: $127 On site: 11 low | high Med: 251 | |
![]() | $1,750,0002318 Park AvenueMinneapolis, MN 55404 |