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Six-Unit Apartment Building
New
For Sale
$184,900

620 23rd Avenue N, Minneapolis, MN 55411

Apartment property with a varied unit mix, rear parking, and renovation needs.

Property SizeContact for details
Days on Market3

Property Features for 620 23rd Avenue N

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence rehab ready

Units

Unit Mix 1 x 1BR, 5 x 2BR
Multifamily Units 6

Additional Details

Public Transit Yes

Building Details

Year Built 1964
Listing Agency: Lake Life Realty Inc
Listed By: The Antonov Group · License #2013009293
Source: Theantonovgroup
Added: Sep 13 Changed: Sep 14 Last Checked: Sep 14 at 8:54AM

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 Lake Life Realty Inc

Investment Insights

Based on property information with market context.

This 1964 apartment building contains six units, including one one-bedroom apartment and five two-bedroom apartments. The property is offered in as-is condition and requires rehabilitation, giving an owner or investor a clear renovation project to undertake.

Parking is available on the street in front of the building, with an additional lot behind it. The property is located at 620 23rd Avenue N in Minneapolis, approximately one block from Lyndale Avenue and its bus line, and about three blocks from Fairview Park. Showings require 48 hours’ notice and are available from 10 a.m. to 3 p.m. through the property management representative.

Key Highlights

  • Six‑unit apartment building constructed in 1964
  • Unit mix includes 1 one‑bedroom and 5 two‑bedroom apartments
  • Sold in as‑is condition with rehabilitation required

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Law Firm

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,090
Businesses Nearby

Demographics for 55411, MN

31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Apartment property with a varied unit mix, rear parking, and renovation needs.
Where is this apartment building located?
The property is located at 620 23rd Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 1964; Unit mix includes 1 one‑bedroom and 5 two‑bedroom apartments; Sold in as‑is condition with rehabilitation required
More about this property
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