2014 2Nd Ave Minneapolis, MN 55404
- Commercial real estate
- 9,480 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2014 2Nd Ave
- Year built
- 1929
- Property size
- 9,480 SF
- Property type
- Commercial real estate
Description
This exceptional 9-unit apartment building, situated at 2014 2nd Ave S in Minneapolis, Minnesota, presents a compelling investment opportunity. Built in 1929, this three-story structure boasts a total of 9,480 square feet and offers a diverse unit mix including four one-bedroom apartments, four efficiency units, and one three-bedroom apartment. The property includes four onsite parking spaces, a significant amenity in this desirable location. Recent capital improvements include a new roof installed in 2016 and a new boiler system in 2022, enhancing both the building's functionality and its long-term value. Several units have been updated with newer windows. Adding to its appeal, this building holds a prestigious designation as a historic apartment building by the Minneapolis Heritage Preservation Commission. Its proximity to the Minneapolis Institute of Arts further enhances its desirability and potential for strong rental income. The asking price is $1,025,000, translating to $108.12 per square foot and $113,888.89 per unit. This property offers a blend of historic charm, modern updates, and a prime Minneapolis location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2743433
- Latitude
- 44.9620467
