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Six-Unit Apartment Building
New
For Sale
$184,900

620 23rd Avenue N, Minneapolis, MN 55411

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.25 Acres
Days on Market4

Property Features for 620 23rd Avenue N

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family, Residential-Single Family
Parking features Offsite, Parking Lot
Exterior features Block
Subdivision Cobbs Add To North
High school district Minneapolis
Directions Hwy 94, Broadway Ave. W, Lyndale Ave. N, 23rd E to building
Standard status Active
APN 1502924220252
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3041

Utilities

Heating system Baseboard

Building Details

Year built 1964
Listing Agency: Banneker Realty, LLC
Listed By: Miroslava C Leon
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 6:06PM
MLS# 7143353

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment building was constructed in 1964 and includes one one-bedroom residence alongside five two-bedroom residences. The property is being offered as-is and is described as rehab ready, allowing the next owner to undertake renovations. Block exterior construction and baseboard heating are noted, with the building situated on a 0.25-acre parcel.

Parking includes street spaces directly in front of the property and a separate lot behind the building. The address is one block from Lyndale Avenue and its bus line, approximately three blocks from Fairview Park, and near shopping, services, transportation, and other neighborhood amenities. Showings require 48 hours’ notice and are available from 10 a.m. to 3 p.m. through the property management representative.

Key Highlights

  • 6‑unit apartment building with 1 one‑bedroom unit and 5 two‑bedroom units
  • 0.25‑acre parcel with a 1964 building
  • Offered as‑is and identified as rehab ready

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,090
Businesses Nearby

Demographics for 55411, MN

31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Rehab-ready multifamily property with varied unit layouts, parking options, and access to nearby transit and neighborhood services.
Where is this apartment building located?
The property is located at 620 23rd Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 6‑unit apartment building with 1 one‑bedroom unit and 5 two‑bedroom units; 0.25‑acre parcel with a 1964 building; Offered as‑is and identified as rehab ready
More about this property
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