2637 Pleasant Ave Minneapolis, MN 55408
- Apartment buildings
- 19,200 SF
- 0.32 lot acres
Current Use by Public Records
- 2637 Pleasant Ave S of In the City Apartments / Apartment Building
Property Details for 2637 Pleasant Ave
- Year built
- 1966
- Lot size
- 0.32 lot acres
- Property size
- 19,200 SF
- Property type
- Apartment buildings
Description
This exceptional 21-unit multifamily property, located at 2637 Pleasant Avenue in Minneapolis, Minnesota's desirable Whittier Park neighborhood, presents a compelling investment opportunity. The building, constructed in 1966, boasts an attractive all-brick and stucco exterior and sits on a 0.32-acre lot. The spacious 19,200 square foot building offers a diverse unit mix including two 2-bedroom units, fifteen 1-bedroom units, and four studio units. A significant portion of the apartments have undergone recent renovations, featuring updated kitchens and bathrooms, modern LVP flooring, stylish lighting fixtures, and new appliance packages. Further enhancing energy efficiency and value, the property includes newer double-pane vinyl replacement windows, two energy-efficient hot water boilers, and recently installed coin-operated laundry machines. Its prime location offers convenient access to the Minneapolis College of Art & Design (MCAD), the Minneapolis Institute of Arts museum, and the vibrant downtown area, ensuring strong rental demand and potential for future appreciation. This well-maintained property is priced at $2,850,000 and represents a rare opportunity to acquire a profitable multifamily asset in a highly sought-after 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
- -93.28256
- Latitude
- 44.95425
