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Six-Unit Apartment Building with Balconies
For Sale
$699,950

924 21st Avenue S, Minneapolis, MN 55404

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.21 Acres
Days on Market41

Property Features for 924 21st Avenue S

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family
Parking features Parking Lot
Exterior features Vinyl
High school district Minneapolis
Directions 94W to Property
Standard status Active
APN 2502924330090
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3781

Utilities

Heating system Baseboard

Building Details

Year built 1982
Listing Agency: DRG
Listed By: Joe Michael Grunnet
Added: Jul 18 Changed: Aug 27 Last Checked: Aug 27 at 11:06PM
MLS# 7111920

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 1982 multifamily property at 924 21st Avenue S includes six townhome-style apartment units. Four residences extend across two levels and feature balconies, creating varied layouts within the building. Exterior construction is vinyl, heating is provided by baseboard systems, and the property includes a dedicated parking lot for off-street parking.

The building is positioned south of I-94 and within walking distance of public transportation. Its Minneapolis setting places it near Augsburg University, the University of Minnesota, and several restaurants and cultural destinations, including A Bar of Their Own, Pizza Luce, and Cedar Cultural Center.

Key Highlights

  • Six‑unit townhome‑style apartment building
  • Four units feature two‑level layouts and balconies
  • 1982 construction with vinyl exterior

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Nail Salon Electrical Service HVAC Service Storage Facility

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,331
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Townhome-style multifamily property with off-street parking and convenient access to public transportation.
Where is this apartment building located?
The property is located at 924 21st Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: Six‑unit townhome‑style apartment building; Four units feature two‑level layouts and balconies; 1982 construction with vinyl exterior
More about this property
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