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Property summary
This exceptional investment opportunity presents a well-maintained four-unit apartment building situated in a highly desirable Minneapolis neighborhood at 1010 23rd Avenue Northeast, Minneapolis, MN 55418. The property, built in 1900, boasts 4,968 square feet on a 5,663 square foot lot and features three stories. Currently operating at 100% occupancy, this Class C multifamily property offers a compelling pro-forma cap rate of 6.27% and a pro-forma NOI of $32,917. The asking price is… $525,000, translating to $131,250 per unit and $105.68 per square foot. Significant recent upgrades include a high-efficiency boiler, water heater, electrical, and plumbing systems, minimizing the risk of substantial near-term capital expenditures. Three of the four units are month-to-month, providing flexibility for the new owner. The property includes six parking spaces and is zoned R2B. The building benefits from a large parking area, previously a garage, offering ample tenant parking or potential for outdoor amenity development. All units have "no winter move-out notice" stipulations through February 2025, ensuring consistent cash flow. Unit 3, a spacious two-bedroom unit spanning two floors, presents a unique opportunity for a higher rental income or owner-occupancy. Given the high demand for rental properties in this area and the recent upgrades, this property represents a strong value-add investment opportunity. Please allow 24-36 hours' notice for showings due to full occupancy. APN: 12-029-24-32-0117. This property is offered as-is and is suitable for a 1031 exchange.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
12 properties in this cityComparable in this city
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 4,968 SF
- Year built
- 1900
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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