Sold: Jun 24, 2021
Address
2120 Minnehaha Avenue Minneapolis, MN
Price
$ 750,000
Property Attributes
  • ID#5729921
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • Zip55404
  • Style
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9400
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

Multifamily or Repurposing opportunity. Zoned I-1. Two parcels being sold together: 2120 Minnehaha Ave So and 1914 22nd St E. Current use is residential rental. Licensed through March 2022. Monthly leases except for two Sec 8 tenants. Buildings are solid, cosmetic improvements have been done between tenants. 1 block from rail stop. Bus stop at corner. Lot is approx .37 acres; 9 off street parking spots. 2120 Minnehaha: seven 1BR units and one 2BR unit. Rents $750-850. Basement includes a large conference room and commercial kitchen. Formerly used by a church; currently storage. High efficiency boiler in 2013. New water heater July 2017. AC in basement and Unit #3. Windows were replaced in early 1990's. Caretaker in Unit #3, rent is reduced to $400 for services. Two units are vacant, one under construction. 1914 22nd St: four 1BR units that rent for $700. This building could use some sprucing up. The area has many new businesses and much development of new multifamily housing.

Price History
3/25/2021 Listed $799,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55404

Price
AVG $970K
$750K