Minneapolis, MN 55412

New Listing
$124,900
Property Type: Commercial Bedrooms: 6 Baths: 6 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $124,900 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

Description

Six-unit apartment building with strong investment potential for the right buyer. Property is currentlycondemned by the city and will require repairs and approvals prior to occupancy, but offers anopportunity to renovate, reposition, and add value. Sold as-is.

Open Houses

  • Sunday, June 28, 1:30 pm - 3:00 pm

Listing Details MLS# 7098748

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Other Parking Spaces
5
Owner Occupied
No
Waterfront YN
No
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Lot Size SqFt
6970
Foundation Size
1702
For Sale or Lease
For Sale
Lot Dimensions
54x126.8
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: None Appliances: None Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Block; Stucco Foundation: Other Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash On Site Utilities: Electric Common; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Road Frontage: City Street Roof: Age Over 8 Years Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
124900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Egberts 2nd Add

Assessments

Assessment Balance
4962.72
Tax With Assessments
6925.34

Building Information

Building Finished SqFt
5106

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
09
Township#
29

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Leased?
No
No. of 1 Bedroom Units
Yes

Unit 2

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
2

Unit 3

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

Unit 4

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
4

Unit 5

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
5

Unit 6

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
6

Unit Details

Total Units
6

Unit Information

No. of Efficiency Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
Lot 28 N 13 1/2 Ft of Lot 27, Block 4, Egberts 2nd Addition to Mpls
Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2325
Property ID Number
0902924220231
Tax Year
2026
Tax Amount
1962.62
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Six-unit apartment building with strong investment potential for the right buyer. Property is currentlycondemned by the city and will require repairs and approvals prior to occupancy, but offers anopportunity to renovate, reposition, and add value. Sold as-is.
Directions
Dowling (West of 94) to Penn Ave. South to Building

Accessible

None
Yes

Appliances

None
Yes

Basement

Full
Yes

Construction Status

Previously Owned
Yes

Exterior

Block
Yes
Stucco
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Parking Characteristics

Parking Lot
Yes

Road Frontage

City Street
Yes

Roof

Age Over 8 Years
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Net Income
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

No. of Ranges

None
Yes

No. of Refrigerators

None
Yes

On Site Utilities

Electric Common
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
IDX
Listing Office: Keller Williams Premier Realty
Last Updated: June - 26 - 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.