Building Details

Year Built 1976

Buildings 2

Listing Agency: Peterson Team Realty

Listed By: Dawn G Peterson Show Phone

Source: Homesminn

Added: Oct 9 Changed: Oct 10 Last Checked: Aug 30 at 6:13PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peterson Team Realty

Investment Insights

Based on property information with market context.

The property comprises 24 apartments across two buildings, with main-level and upper-level units. The unit mix includes three one-bedroom apartments and 21 two-bedroom apartments. Improvements completed in 2019 included toilets, flooring, carpeting, and sliding glass doors. Main-level units have outdoor patios, while upper-level units feature decks; coin-operated laundry machines are available in a dedicated room.

Residents pay for electricity, heat, and cable television. The owner covers water, sewer, garbage service, lawn care, and snow removal.

Key Highlights

• 24 apartments: 3 one‑bedroom units and 21 two‑bedroom units
• Two buildings with main‑level and upper‑level residences
• 2019 improvements included toilets, flooring, carpeting, and sliding glass doors

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

24

Residential units

Location Intelligence

Trade Area within ½ mile

216

Businesses Nearby

Explore this area Business Placement

Demographics for 56256, MN

2,433

Population

1,349

Households

1.8

Avg Household Size

51

Median Age

21%

College-Educated

96%

High-School Grad

230.6 sq mi

ZIP Area

11

Density / Sq Mi

$62,250

Median Household Income

$35,302

Median Earnings

$906

Median Rent

$122,400

Median Home Value

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 - Two buildings offer a mix of one- and two-bedroom residences, with coin-operated laundry on site.

Where is this apartment building located?

The property is located at 207 And 213 9th Ave Madison, MN.

What is the asking price?

The asking price for this property is $980,000.

What are key features of this property?

This property features: 24 apartments: 3 one‑bedroom units and 21 two‑bedroom units; Two buildings with main‑level and upper‑level residences; 2019 improvements included toilets, flooring, carpeting, and sliding glass doors