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421 6Th St Minneapolis, MN 55414

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For Sale
$920,000

Fully Stabilized, High-Demand Location

Property size:
7,149 SF

Property Features for 421 6Th St

General Information

Property type
Residential income properties
Square Feet
7,149 SF
Lot Size
10,890 SF

Building Details

Year Built
1900

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Listing Contact
James Faillettaz

Listing Agency: Keller Williams Premier Realty Listing Agent: James Faillettaz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 7-unit apartment building, located at 421 6th Street SE in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a total of 7,149 square feet on a 0.25-acre lot, this property offers significant potential for strong returns. Each of the seven units has undergone a complete rehabilitation within the past few years, ensuring a high-quality living experience for tenants. Currently generating solid rental income, there's also room for future rent increases, maximizing profitability. The property benefits from its prime location in Southeast Minneapolis, just blocks from acclaimed restaurants and in close proximity to the University of Minnesota campus, providing a consistent and reliable student rental base. The recently renovated back parking lot provides ample parking for tenants, a highly desirable amenity. The building is situated in a peaceful neighborhood, offering residents a tranquil atmosphere while still being conveniently located to the vibrant city center. This fully stabilized property is ready for immediate income generation and offers a rare opportunity to acquire a well-maintained, high-demand multi-family investment in a thriving Minneapolis neighborhood. The asking price is $920,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Hennepin
State
Minnesota
Longitude
-93.24724
Latitude
44.98796

FAQs

What type of property is this?
Residential income property - Fully Stabilized, High-Demand Location
Where is this residential income property located?
The property is located at 421 6Th St Minneapolis, MN.
What is the asking price?
The asking price for this property is $920,000.
More about this property
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