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The Coliseum 3211 Minnehaha Ave 17 Unit Apartment Building $2,350,250 CAD ($138,250 CAD/Unit) Minneapolis, MN 55406
EXECUTIVE SUMMARY
The Coliseum is a well-maintained 17-unit apartment building. All one-bedroom units with strong occupancy. Features include off-street parking, on-site laundry, and recent updates. Conveniently located near the Metro Blue Line, Minnehaha Falls, and VA Hospital. RUBS in place for utility recovery and 4D tax classification offers reduced property taxes. Solid investment with stable income.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$181,443
|
$15.20
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $181,443 |
| Annual Per SF | $15.20 |
PROPERTY FACTS
| Price | $2,350,250 CAD | Building Class | C |
| Price Per Unit | $138,250 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,934 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2013 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $2,350,250 CAD |
| Price Per Unit | $138,250 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,934 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2013 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 650 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 01-028-24-14-0012 | Improvements Assessment | $2,073,353 CAD (2024) |
| Land Assessment | $310,231 CAD (2024) | Total Assessment | $2,383,584 CAD (2024) |
PROPERTY TAXES
Parcel Number
01-028-24-14-0012
Land Assessment
$310,231 CAD (2024)
Improvements Assessment
$2,073,353 CAD (2024)
Total Assessment
$2,383,584 CAD (2024)
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The Coliseum | 3211 Minnehaha Ave
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