21-Unit Apartment
For Sale
$2,500,000
2637 Pleasant Ave, Minneapolis, MN 55408
Brick-and-stucco apartment property with a varied unit mix and extensive interior updates.
Property Size20,700 SF
Price / SF$120.77
Days on Market50
Property Features for 2637 Pleasant Ave
General Information
Standard status
Active
Size
20,700 SF
Units
Unit Mix
2 x 2BR, 15 x 1BR, 4 x studio
Multifamily Units
21
Amenities
coin-operated laundry
Building Details
Year Built
1966
Construction
brick and stucco
Listing Agency:
Apartment Cash Flow, Inc.
Listed By:
Nathan P. Opatz · License ##40329256
(651) 263-3653
Source:
Searchhousesnow
Added: Jul 20
Changed: Sep 5
Last Checked: Sep 6 at 11:08AM
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 Apartment Cash Flow, Inc.
Investment Insights
Based on property information with market context.
Built in 1966, this 21-unit apartment property combines brick and stucco construction with a unit mix of two 2-bedroom apartments, fifteen 1-bedroom apartments, and four studios. Most units have received renovations that include kitchen and bathroom improvements, luxury vinyl plank flooring, updated lighting, and newer appliance packages. Double-pane vinyl replacement windows and two energy-efficient hot water boilers support the building’s updated infrastructure, while newer coin-operated laundry machines add an on-site resident amenity.
The property is located at 2637 Pleasant Ave in Minneapolis, near the Minneapolis College of Art & Design, the Minneapolis Institute of Arts Museum, and downtown Minneapolis. The offering includes a stated 7.42% cap rate.
The property is located at 2637 Pleasant Ave in Minneapolis, near the Minneapolis College of Art & Design, the Minneapolis Institute of Arts Museum, and downtown Minneapolis. The offering includes a stated 7.42% cap rate.
Key Highlights
- 21‑unit apartment building constructed in 1966
- Unit mix includes two 2‑bedrooms, fifteen 1‑bedrooms, and four studios
- Most apartments renovated with updated kitchens, bathrooms, flooring, lighting, and appliances
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
3,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick-and-stucco apartment property with a varied unit mix and extensive interior updates.
Where is this apartment building located?
The property is located at 2637 Pleasant Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 21‑unit apartment building constructed in 1966; Unit mix includes two 2‑bedrooms, fifteen 1‑bedrooms, and four studios; Most apartments renovated with updated kitchens, bathrooms, flooring, lighting, and appliances
