2110 1st Avenue S, Minneapolis, MN 55404

New Listing
$699,900
Property Type: Commercial Lot Size (sq. ft.): 16,117 Status: Active
Current Price: $699,900 List Date: 6/02/2026 Last Modified: 6/03/2026

Overview

Description

Beautiful Grand Victorian boarding house with active rental license. 18 single rooms which include an owner's suite with 2 bedrooms. Currently there are only 5 units rented at $500 per month. Market rate should be closer to $600 per room on average. 17 rooms are allowed to be rented although the current license has approval for 16. There is an opportunity to generate $10,200 per month at market rent. There is a steady demand for units and the property is being underutilized. Owners' suite is spacious and has a full kitchen and private bathroom. Possible for an ADU in the basement and above the garage. Many bathrooms have been capped. There is currently one bathroom per floor that is operational. There are a total of 13 bathrooms. Large parking lot can accommodate up to 15 cars. There is a spacious 3 car garage on site and additional carriage house. New roof installed in 2021. Exterior painted in 2021. The property is priced well below assessed value of $937,000 setting you up for a lar ...

Listing Details MLS# 7085297

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
15
Owner Occupied
Yes
Waterfront Present
No
Year Built
1913
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1444
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.37
Lot Dimensions
100x160
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Amenities Unit: Natural Woodwork; Paneled Doors; Security Lights Appliances: Dishwasher; Range; Refrigerator CMU Style: Business Opportunity Construction Materials: Brick Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Flooring: Carpet; Wood Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional; Other Lock Box Type: Combo On Site Utilities: Electric Common Owner Pays: All Utilities; Common Area Maintenance; Exterior Maintenance; Fuel; Snow Removal; Taxes; Trash Collection; Water Rental License Type: Other Road Frontage: City Street; Sidewalks Roof: Age 8 Years or Less Sewer: City Sewer - In Street Shared Rooms: Community Room Stories: Three Or More Topography: Level Wall Description: Plaster Water: City Water - In Street Window Features: Double Pane Windows

Contract Information

Contingency
None
ListPrice
699900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2110
Street Name
1st
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
The Neighborhood Blk

Assessments

Assessment Balance
1477.35
Tax With Assessments
17517.3

Building Information

Building Finished SqFt
8582

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
700

Public Survey Info

Range#
24
Section#
34
Township#
29

Sale Options

Sale Includes
Building, Business, Fixture/Equipment, Leases, Rental License

Unit Details

Total Units
18

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 004 THE NEIGHBORHOOD BLOCK MPLS
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Property ID Number
3402924120061
Tax Year
2026
Tax Amount
16039.95
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Beautiful Grand Victorian boarding house with active rental license. 18 single rooms which include an owner's suite with 2 bedrooms. Currently there are only 5 units rented at $500 per month. Market rate should be closer to $600 per room on average. 17 rooms are allowed to be rented although the current license has approval for 16. There is an opportunity to generate $10,200 per month at market rent. There is a steady demand for units and the property is being underutilized. Owners' suite is spacious and has a full kitchen and private bathroom. Possible for an ADU in the basement and above the garage. Many bathrooms have been capped. There is currently one bathroom per floor that is operational. There are a total of 13 bathrooms. Large parking lot can accommodate up to 15 cars. There is a spacious 3 car garage on site and additional carriage house. New roof installed in 2021. Exterior painted in 2021. The property is priced well below assessed value of $937,000 setting you up for a large reduction in property taxes! This a perfect opportunity for a live in handyman to repair and remodel the property and have the mortgage covered. Lots of unique opportunities for investors or other organizations to cash flow this iconic property!
Directions
From Franklin Ave go South on 1st to the property.

Accessible

None
Yes

Air Conditioning

None
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Amenities Unit

Natural Woodwork
Yes
Paneled Doors
Yes
Security Lights
Yes

Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Construction Materials

Brick
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Flooring

Carpet
Yes
Wood
Yes

Foundation

Brick/Mortar
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Lock Box Type

Combo
Yes

Owner Pays

All Utilities
Yes
Common Area Maintenance
Yes
Exterior Maintenance
Yes
Fuel
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Rental License Type

Other
Yes

Road Frontage

City Street
Yes
Sidewalks
Yes

Roof

Age 8 Years or Less
Yes

Sewer

City Sewer - In Street
Yes

Shared Rooms

Community Room
Yes

Stories

Three Or More
Yes

Topography

Level
Yes

Wall Description

Plaster
Yes

Water

City Water - In Street
Yes

Window Features

Double Pane Windows
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Business Opportunity
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Other
Yes
IDX
Listing Office: Coldwell Banker Realty - Southwest Regional
Last Updated: June - 03 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.