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221-225 Cedar Ave S 10 Unit Apartment Building $2,960,980 CAD ($296,098 CAD/Unit) Minneapolis, MN 55454

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INVESTMENT HIGHLIGHTS

Ten (10) apartment units above restaurant
A phenomenal opportunity for hospitality owner/operator to supplement their investment with residential income

Extraordinary location at Seven Corners, next to University of MN Law School and The Carlson School of Management

EXECUTIVE SUMMARY

Asking Price: $2,150,000.00
20,064 SF Total [3-stories]. 4,911 SF Retail + 9,120 SF Multi-family, Built in 1900 w/ extensive upgrades annually.

221 Cedar Ave Marketing

PROPERTY FACTS

Price	$2,960,980 CAD	Building Class	C
Price Per Unit	$296,098 CAD	Lot Size	0.66 AC
Sale Type	Investment	Building Size	14,031 SF
No. Units	10	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C3A

Price	$2,960,980 CAD
Price Per Unit	$296,098 CAD
Sale Type	Investment
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.66 AC
Building Size	14,031 SF
No. Stories	3
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C3A

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Walk Score®

Very Walkable (86)

Transit Score®

Excellent Transit (78)

Bike Score®

Very Bikeable (84)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	25-029-24-23-0075	Improvements Assessment	$2,952,717 CAD
Land Assessment	$132,211 CAD	Total Assessment	$3,084,928 CAD

PROPERTY TAXES

Parcel Number

25-029-24-23-0075

Land Assessment

$132,211 CAD

Improvements Assessment

$2,952,717 CAD

Total Assessment

$3,084,928 CAD

(612) 263-9842

CONTACTS

Russ Crawford
Patrick Crawford
Transwestern Real Estate Services

Listing ID: 31749045
Date on Market: 2024-05-09
Last Updated:
Address: 221-225 Cedar Ave S, Minneapolis, MN 55454

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