1802 11Th Ave S Minneapolis, MN 55404
- Commercial real estate
Current Use by Public Records
- Stay Chateau / Hotel
- Swag Tags Custom Team Travel Tags / Sportswear Store / Service Establishment
- Kimberly White PC AHHA / Attorney
Property Details for 1802 11Th Ave S
- Year built
- 1902
- Property type
- Commercial real estate
- APN
- 2602924340049
Description
This exceptional Class A, multifamily investment opportunity presents a beautifully renovated 1902 building located at 1802 11th Ave S, Minneapolis, MN 55404. The property boasts six units within 8,000 square feet of net rentable space, currently enjoying 100% occupancy. Each unit commands a price of $332,500, contributing to the overall asking price of $1,995,000. The three-story building sits on a 10,019 square foot lot, zoned for multi-family use. Extensive renovations were completed in 2017, resulting in a completely updated interior. The property's unique history and custom design offer a rare investment opportunity. The building's potential is further enhanced by approximately one million dollars in assumable financing at a low interest rate. This property is ideal for an investor seeking a value-add opportunity with significant upside potential, whether through short-term rentals, attracting Class A tenants at premium rates, or catering to specialized needs. The property's prime location in Minneapolis, Hennepin County, adds to its appeal. The Assessor's Parcel Number (APN) is 2602924340049. This one-of-a-kind property requires a viewing to fully appreciate its unique character and potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.25850581646
- Latitude
- 44.965154997471
