For Sale: Minneapolis MLS# 7075636
Active
NEW!
$1,250,000
Commercial: 2 Stories
Built 1965
0.29 acres
Minneapolis schools
MLS# 7075636
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Property Description
Excellent multifamily investment opportunity with updated units. Located in the heart of Minneapolis’s highly desirable Longfellow neighborhood. This well-positioned 12-unit apartment building offers a strong unit mix, outstanding walkability, and convenient access to some of the city’s most popular amenities and destinations. The property appeals to today’s active urban renter with its proximity to neighborhood parks, fitness and recreation options, local restaurants, coffee shops, retail, and everyday services. Residents will enjoy being just minutes from the Mississippi River trail system, Minnehaha Park, and several of Minneapolis’s most vibrant dining and entertainment areas.
The location offers a highly walkable and bike-friendly environment with excellent transit connectivity and easy access to Downtown Minneapolis, Uptown, and major transportation corridors. Strong rental demand in the area is supported by nearby employment centers, retail, dining, and entertainment destinations, making this an attractive investment opportunity for both stable cash flow and long-term appreciation. Combining a desirable location, solid rental appeal, and urban lifestyle amenities, this property presents an exceptional opportunity for investors seeking long-term upside in one of Minneapolis’s most established and dynamic neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1965
State:
MN
Property Style:
2 Stories
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Lake Street Add
Interior
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
3,390 ft2
Fencing:
Partial
Handicap Accessible:
No Stairs Internal
Heating System:
Boiler
Parking Features:
Paved Lot
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.29
Geolocation:
44.947572, -93.228875
Inclusions:
Building
Lot Dimensions:
80X158
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Electric Expense:
$591
Annual Fuel Expense:
$6,918
Annual Maintenance Expense:
$24,895
Annual Trash Expense:
$4,461
Annual Water/Sewer Expense:
$5,293
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$21,848
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,848
Income
Annual Gross Income:
$161,450
Rent
Annual Net Income:
$107,884
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Stepping Stone Brokers LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.