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2110 1st Ave S
Minneapolis, MN 55404
Multifamily Property For Sale
·
3 Units
EXECUTIVE SUMMARY
Amazing opportunity for entrepreneurs, investors, remodelers and lovers of the city in the heart of Minneapolis! This unique property has been used as a rooming house with potential for 18 total bedrooms, of which 17 bedrooms can be rented under city rental license and grandfathered to maintain status upon transfer of ownership. Currently maintained with a handful of tenants, but homeowner always fielding requests for more occupancy. Beautiful brick facade and new roof and exterior paint in 2021. Full kitchen in owner/caretaker suite area and second level cooking area for tenants. Possible ADU potential in both the basement and possibly additional space above the garage. The current owner has one bathroom per floor operational, with 13 total bathrooms but many have toilets removed or plumbing capped. Large ample parking area for 15 cars, 3 car garage and a carriage house for additional parking and storage in back.
PROPERTY FACTS
| Price Per Unit | $367,255 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 3 | Building Size | 8,582 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1913/2021 |
| Apartment Style | Low-Rise | ||
| Zoning | OR2 | ||
| Price Per Unit | $367,255 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 8,582 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1913/2021 |
| Zoning | OR2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
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