2413 1st Avenue S Minneapolis, MN 55404
- Added:
- Mar 31, 2026
- Days on Market:
- 37
- Last Refresh:
- May 6 at 12:06 pm
Property Features for 2413 1st Avenue S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Residential-Multi-Family
- Bedrooms
- 18
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway
- Exterior features
- Fiber Board, Stucco
- Appliances
- Cooktop, Dishwasher, Dryer, Freezer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 3402924130009
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 22723
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Flooring type
- Carpet, Tile, Vinyl
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Eric Ollestad (763) 746-4900
Listing office Keller Williams Classic Realty 1740 116th Avenue NW, Coon Rapids, MN (763) 746-4900
Listing date Mar 31, 2026
MLS# 7045824
Listing URL
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.
HighLights
- Exceptional cash flow potential with projected rents exceeding $15,500 per month.
- Nearly new construction (built in 2022) minimizing maintenance and repair costs.
- Six modern units with 18 bedrooms and 15 bathrooms featuring high‑quality finishes: cabinetry, quartz countertops, premium appliances, tiled bathroom floors and showers, and front‑load washer/dryer sets.
- Prime location one block from Minneapolis College of Art and Design (MCAD), ideal for student housing or young professionals.
- Each unit includes a private balcony.
- Proven rental history with previous tenant renting the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance).
Overview
Modern Multifamily Building Near MCAD
Constructed in 2022, this multifamily building features 6 units with a total of 18 bedrooms and 15 bathrooms. Each unit includes cabinetry, appliances, quartz countertops, kitchen center islands, front-load washer and dryer sets, and private balconies. The building showcases a modern design with tiled bathroom floors and showers. Situated one block from the Minneapolis College of Art and Design (MCAD), the property is suitable for student housing, young professionals, or long-term tenants. The previous tenant rented the entire building for $15,000 per month, covering all utilities and exterior maintenance. The current lease ends in April 2026. Units are actively leasing, with projected total rents exceeding $15,500 per month. The property requires minimal maintenance or repairs. The lot size is 0.14 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.276198
- Latitude
- 44.958665
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newer construction, 6-unit building near Minneapolis College of Art.
Where is this apartment building located?
The property is located at 2413 1st Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Exceptional cash flow potential with projected rents exceeding $15,500 per month.; Nearly new construction (built in 2022) minimizing maintenance and repair costs.; Six modern units with 18 bedrooms and 15 bathrooms featuring high‑quality finishes: cabinetry, quartz countertops, premium appliances, tiled bathroom floors and showers, and front‑load washer/dryer sets.
