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Five-Unit Apartment Building
For Sale
$529,000

2447 11th Ave S, Minneapolis, MN 55404

Multifamily property with one- and two-bedroom layouts, one current vacancy, and a hospital-adjacent location.

Property SizeContact for details
Days on Market92

Property Features for 2447 11th Ave S

General Information

Standard status Active

Site & Location

Neighborhood Phillips

Units

Unit Mix 2 x 2BR, 3 x 1BR
Multifamily Units 5

Building Details

Year Built 1884
Listing Agency: Financially Free, LLC
Listed By: Alexandra Haider
Source: Vibemn
Added: Jul 26 Changed: Oct 3 Last Checked: Oct 7 at 1:03PM

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 Financially Free, LLC

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Investment Insights

Based on property information with market context.

Built in 1884, this five-unit apartment building includes two two-bedroom residences and three one-bedroom residences. One unit is currently vacant. The property is located next to the hospital in South Minneapolis, providing a clearly established urban setting.

Each tenant pays their own electric service, and the building’s heat is electric. An old boiler in the basement has been disconnected. The property is situated at 2447 11th Ave S in Minneapolis, Minnesota.

Key Highlights

  • Five‑unit apartment building with two two‑bedroom units and three one‑bedroom units
  • One unit is currently vacant
  • Built in 1884

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,934
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with one- and two-bedroom layouts, one current vacancy, and a hospital-adjacent location.
Where is this apartment building located?
The property is located at 2447 11th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Five‑unit apartment building with two two‑bedroom units and three one‑bedroom units; One unit is currently vacant; Built in 1884
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