Skyway-Connected Minneapolis
For Sale
$74,900
431 S 7th Street #2635, Minneapolis, MN 55415
Apartment with skyway access, rooftop deck, and exercise room.
Property Size441 SF
Days on Market406
Property Features for 431 S 7th Street #2635
General Information
Standard status
Active
Size
441 SF
Property subtype
Single Family Detached
Amenities
Baseboard
Hot Water
Central Air
Range
Microwave
Refrigerator
Disposal
Dishwasher
Building Details
Building Size
441 SF
Year Built
1982
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
COLDWELL BANKER REALTY
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:30AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This apartment offers direct access to the Minneapolis skyway system, making it ideal for downtown workers. Building amenities include a rooftop deck, free laundry facilities on each floor, and an exercise room. The unit features a murphy bed that can be lifted up and out of the way. Parking options include an underground ramp for $163.54 or an aboveground ramp for $147.19, plus a $5 monthly administrative fee and a one-time $30 startup fee. There is a special assessment of $209.02 per month that ends in June 2034. Rentals are allowed with a lease term of six months or longer.
Key Highlights
- Direct access to the Minneapolis skyway system.
- Building amenities include a rooftop deck, free laundry on each floor, and an exercise room.
- Murphy bed included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,918
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,360
$118.4K
Cap Rate 7%
$84,543
$84.5K
Cap Rate 9%
$65,756
$65.8K
Market Conditions
NOI Build-Up for 441 SF
Gross rent
$11.5K $26.04/SF
− Vacancy
−$723 −$1.64/SF
EGI
$10.8K $24.40/SF
− OpEx
−$4.8K −$10.98/SF
NOI
$5.9K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,360
Cap Rate 7%
$84,543
Cap Rate 9%
$65,756
Alternative Uses
Best Use
Apartment 5plus
$84.5K
$74.0K – $98.6K
NOI $5,918 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$105.2K
$92.1K – $122.8K
NOI $7,365 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 55415, MN
5,435
Population
3,124
Households
1.7
Avg Household Size
37
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
13,588
Density / Sq Mi
$126,480
Median Household Income
$75,568
Median Earnings
$1,836
Median Rent
$581,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment with skyway access, rooftop deck, and exercise room.
Where is this apartment building located?
The property is located at 431 S 7th Street #2635 Minneapolis, MN.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Direct access to the Minneapolis skyway system.; Building amenities include a rooftop deck, free laundry on each floor, and an exercise room.; Murphy bed included.
