2427 Blaisdell Ave Minneapolis, MN 55404
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2427 Blaisdell Ave
- Year built
- 1958
- Property type
- Commercial real estate
Description
This exceptional 30-unit apartment building, located at 2427 Blaisdell Ave in Minneapolis, Minnesota, presents a compelling investment opportunity. The property, built in 1958, is a four-story Class B building situated on an 11,156 square foot lot and zoned 5-5. Currently operating at full occupancy, this financially stable asset offers a strong unit mix, including 24 one-bedroom units, three studios, and three two-bedroom apartments. Its prime location in the Whittier neighborhood provides easy access to Interstate 35W, downtown Minneapolis, and the Minneapolis College of Art and Design (MCAD), contributing to high tenant retention. The building also includes on-site parking. The asking price is $3,570,000, representing $119,000 per unit. This presents a significant opportunity for value enhancement through potential upgrades or rent optimization. The property's strong financial performance and desirable location make it an attractive investment in a thriving Minneapolis community. The building's solid history and current performance make it a low-risk, high-reward investment. Further details are available upon request.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.279617139078
- Latitude
- 44.958290718072
