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2501 17Th Ave Minneapolis, MN 55404

Sponsored
For Sale
$525,000

Eight-unit apartment building, value-add opportunity.

Property size:
6,654 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity presents an eight-unit apartment building located at 2501 17th Avenue S in Minneapolis, Minnesota. The property sits on a 0.16-acre lot and boasts a total of 6,654 square feet of living space. The building's configuration includes four two-bedroom units and four one-bedroom units, providing a diverse mix of rental options. Currently, the building is fully occupied, generating consistent rental income. However, the property presents a value-add opportunity for a discerning investor. While currently functional, some repairs are needed, allowing a new owner to increase the property's value through strategic renovations and upgrades. This could include modernizing kitchens and bathrooms, improving landscaping, or implementing energy-efficient upgrades. The strong rental market in Minneapolis, coupled with the potential for increased profitability through improvements, makes this a compelling investment prospect. The asking price is $525,000. This represents a significant opportunity to acquire a well-located, income-producing asset with considerable upside potential. Serious inquiries are encouraged. Financial statements and further details are available upon request.

Property Features for 2501 17Th Ave

General Information

Property type
Residential income properties
Square Feet
6,654 SF
Lot Size
6,970 SF

Building Details

Year Built
1909

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
-93.2496
Latitude
44.95717

FAQs

What type of property is this?
Residential income property - Eight-unit apartment building, value-add opportunity.
Where is this residential income property located?
The property is located at 2501 17Th Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $525,000.
More about this property
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