AVE S, Minneapolis, MN 55404 - MLS#6428729

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,900,000

Est. payment - /mo

9 Beds

10 Baths

8,841 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision J S & W Elliots Add

MLS Listing ID 6428729

Bedrooms 9

Year Built 1902

Annual Tax Amount $19,003

Lot Size 8,841 Sqft

Acres 0.23

Lot Dimensions 150x68

Property Description

THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. CONTRACT FOR DEED TERMS AVAILABLE!
The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.

Location

State MN

County Hennepin

Community J S & W Elliots Add

Direction Near US Bank Stadium, the first building over the 11th Ave Bridge.

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Window Features Double Pane Windows,Window Treatments

Exterior

Parking Features Carport, Covered, More Parking Offsite for Fee, Paved Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Accessibility Partially Wheelchair

Porch Patio, Terrace

Building

Lot Description Corner Lot, Public Transit (w/in 6 blks), Tree Coverage - Medium

Water City Water/Connected

Others

Senior Community No

Tax ID 2602924340049

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Listed by Bridge Realty, LLC

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