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.
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Listing information last updated on April 23rd, 2021 at 4:35am CDT.