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1700 3rd Ave S 9 Unit Apartment Building $1,989,186 CAD ($221,021 CAD/Unit) Minneapolis, MN 55404
INVESTMENT HIGHLIGHTS
- Each unit includes a designated laundry area within its private storage unit.
- The property generates a total annual income of $144,900, with potential for additional revenue.
- Room with potential to add an additional unit or enhance tenant amenities/ community space.
- Unit 3 features a private patio and a wheelchair lift for enhanced accessibility.
- Extremely large basement common area featuring a workout space and a rare common area bathroom,
- All units have been fully remodeled, meticulously maintained, and feature stunning woodwork throughout the property.
EXECUTIVE SUMMARY
The property includes 8 units in the main mansion and a detached carriage house adjacent to the building, providing additional rental income or owner-occupant flexibility.
This versatile property can continue as a rental investment or be adapted for alternative uses, featuring unique amenities such as a detached carriage house, a large basement common area with a bathroom, and a wheelchair-accessible unit with a lift. The property underwent a full renovation in 2017, everything new from roofs to unit finishes.
Contact MaryPat McNicoll at (406) 291-9103 to schedule a tour or to receive more information and pricing guidance.
This versatile property can continue as a rental investment or be adapted for alternative uses, featuring unique amenities such as a detached carriage house, a large basement common area with a bathroom, and a wheelchair-accessible unit with a lift. The property underwent a full renovation in 2017, everything new from roofs to unit finishes.
Contact MaryPat McNicoll at (406) 291-9103 to schedule a tour or to receive more information and pricing guidance.
PROPERTY FACTS
| Price | $1,989,186 CAD | Lot Size | 0.37 AC |
| Price Per Unit | $221,021 CAD | Building Size | 9,205 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1886 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Building Class | B | ||
| Zoning | OR3 - BFC4 / Corridor 4 Built Form Overlay District UN3 / Urban Neighborhood | ||
| Price | $1,989,186 CAD |
| Price Per Unit | $221,021 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 9,205 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1886 |
| Parking Ratio | 1/1,000 SF |
| Zoning | OR3 - BFC4 / Corridor 4 Built Form Overlay District UN3 / Urban Neighborhood |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,878 CAD | 1,000 - 1,300 |
| Studios | 2 | $1,249 CAD | 650 - 800 |
| 1+1 | 1 | $1,703 CAD | 750 - 1,000 |
| 3+2 | 1 | $2,931 CAD | 1,200 - 1,800 |
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (76)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 27-029-24-43-0208 | Improvements Assessment | $1,523,570 CAD |
| Land Assessment | $403,542 CAD | Total Assessment | $1,927,111 CAD |
PROPERTY TAXES
Parcel Number
27-029-24-43-0208
Land Assessment
$403,542 CAD
Improvements Assessment
$1,523,570 CAD
Total Assessment
$1,927,111 CAD
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