Minneapolis, MN 55421

New Listing
$575,000
Property Type: Commercial Square Footage: 3,600 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $575,000 List Date: 6/29/2026 Last Modified: 6/29/2026

Overview

Description

well maintained 6 unit building with all 1 bedroom apartments in a quiet area of Columbia Heights. Buy this great building for the price of many duplexes! Great next step building!

Listing Details MLS# 7101349

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1800
For Sale or Lease
For Sale
Acres
0.2
Lot Dimensions
70x128
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Assumable Loan: Not Assumable CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Stucco; Wood Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Lock Box Type: None On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Sewer; Trash Collection; Water Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Heat; Hot Water 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
Anoka
State
MN
Zip Code
55421
Complex/Dev/Subdivision
Columbia Heights Annex

Assessments

Tax With Assessments
9303
Assessment Balance
0

Basement

Foundation Dimensions
1800

More Information

Building Information

Building Finished SqFt
3600
Building SqFt
3600

Income and Expenses

Annual Gross Expenses
25000
Annual Gross Income
68400
Annual Net Income
43400
Total Annual Expenses
25000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
35
Township#
30

Sale Options

Sale Includes
Building, Business Assets

Unit 1

Unit Number
Yes
Leased?
Yes
Lease Expiration Date
2026-06-30
No. of 1 Bedroom Units
6

Unit Details

Total Units
6

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
COLUMBIA HEIGHTS ANNEX TO MINNEAPOLIS,ANOKA COUNTY,MINNESOTA LOTS 7 & 8 BLK 66 COL HTS ANNEX
Listing City
Columbia Heights
Map Page
92
Municipality
Columbia Heights
School District
Columbia Heights
School District Phone
763-528-4500
Property ID Number
353024310087
Tax Year
2026
Tax Amount
9303
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
well maintained 6 unit building with all 1 bedroom apartments in a quiet area of Columbia Heights. Buy this great building for the price of many duplexes! Great next step building!
Directions
I694 to Central ave. South on Central to 42nd. east on 42 to summit. South on Summit to address.

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Stucco
Yes
Wood
Yes

Foundation

Brick/Mortar
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

None
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Parking Characteristics

Parking Lot
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes
Heat
Yes
Hot Water
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes
IDX
Listing Office: Peritus Real Estate
Last Updated: June - 29 - 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.