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    2504 17Th Ave Minneapolis, MN 55404

    Sponsored
    For Sale
    $425,000

    Six-unit apartment building, fully occupied.

    Property size:
    4,364 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a six-unit apartment building located at 2504 17th Avenue S in Minneapolis, Minnesota. The property boasts a total of 4,364 square feet and sits on a 0.15-acre lot. The building comprises four spacious two-bedroom units, each featuring a familiar and comfortable layout, ideal for tenants seeking ample living space. In addition, there are two one-bedroom units located on the lower level. Currently, the building enjoys 100% occupancy, generating consistent rental income. While the property is fully functional, it presents a compelling value-add opportunity for a discerning investor. Some repairs are needed, allowing a new owner to enhance the property's value through targeted improvements and upgrades. The asking price for this well-located Minneapolis multifamily property is $425,000. This represents a strong potential return on investment for those seeking a hands-on approach to property management and enhancement. The property's strong occupancy rate and existing rental income stream provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-situated multifamily property in a thriving Minneapolis neighborhood with significant upside potential. Serious inquiries are encouraged.

    Property Features for 2504 17Th Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    4,364 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.25023
    Latitude
    44.95701

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    FAQs

    What type of property is this?
    Residential income property - Six-unit apartment building, fully occupied.
    Where is this residential income property located?
    The property is located at 2504 17Th Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $425,000.
    (651) 484-8800
    Request Owner's contact information
    2504 17Th Ave Minneapolis, MN 55404
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    Minneapolis, MN 55404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2504 17Th Ave Minneapolis, MN 55404
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