Find Your Dream Home: Search 10,000+ Homes for Sale

Minneapolis, MN 55404

New Listing

$575,000

Your next investment opportunity is waiting!

Property Type: Commercial Bedrooms: 7 Baths: 5 Lot Size (sq. ft.): 3,920 Status: Active

Current Price: $575,000 List Date: 7/07/2026 Last Modified: 7/08/2026

Overview

Description

Five-unit apartment building next to the hospital in South Minneapolis! This property currently has one vacancy but once fully filled should generate $6,465/month in rent. Two of the units are two bedroom units, renting for $1,495 and $1,450. Three are one bedroom units renting for (vacant), $1,150 and $1,270. Tenants pay their own electric (heat is all electric). Old boiler in basement is disconnected.

Listing Details MLS# 7104766

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1884
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1541
For Sale or Lease: For Sale
Acres: 0.09
Lot Dimensions: 29x127
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Wood Foundation: Stone Fuel: Electric; Natural Gas Heating: Baseboard Loan Terms: Cash; Conventional On Site Utilities: Electric Separate Owner Pays: Gas; Repairs; Snow Removal; Trash Collection; Water Rental License Type: Standard Roof: Asphalt Shingles; Flat; Pitched Sewer: City Sewer/Connected Tenant Pays: Electricity; Heat Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 575000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Cole & Weeks Rgt Brackett & Bovey

Assessments

Tax With Assessments: 8243
Assessment Balance: 0

Building Information

Building Finished SqFt: 3409

More Information

Income and Expenses

Annual Gross Income: 64380
Annual Insurance Expense: 4210
Annual Trash Expense: 2586
Annual Water/Sewer Expense: 3296
Annual Electric Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 35
Township#: 29

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 1495
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Level: 2nd Level
Leased?: Yes
Lease Expiration Date: 2027-04-30
No. of 1 Bedroom Units: 3

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Monthly Rent: 1450
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Unit Number: 2

Unit 3

Full Baths: Yes
Leased?: No
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 3

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-10-31
Leased?: Yes
Monthly Rent: 1150
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1270
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 5
Unit Number: 5

Unit Details

Total Units: 5

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 011 BLOCK 008 COLE & WEEKS RGT BRACKETT & BOVEY
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2802
Property ID Number: 3502924240064
Tax Year: 2025
Tax Amount: 8243
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Five-unit apartment building next to the hospital in South Minneapolis! This property currently has one vacancy but once fully filled should generate $6,465/month in rent. Two of the units are two bedroom units, renting for $1,495 and $1,450. Three are one bedroom units renting for (vacant), $1,150 and $1,270. Tenants pay their own electric (heat is all electric). Old boiler in basement is disconnected.
Directions: North on Chicago Ave, past Childrens MN, Left on E 25th St. Left on 11th Ave. S

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Stone: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes

Owner Pays

Gas: Yes
Repairs: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Rental License Type

Standard: Yes

Roof

Asphalt Shingles: Yes
Flat: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Refrigerators

Five: Yes

Tenant Pays

Electricity: Yes
Heat: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Listing Office: Financially Free, LLC

Last Updated: July - 08 - 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.