2120 Minnehaha Avenue, Minneapolis, 55404

Commercial Sale - Apartment For Sale in Westfalls Add

$799,000

Beds
Baths
Sqft
.37Acres
1917Built
30DOM
MLS® #: 5729921
Pending, 30 Days on Market

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.

Essential Information

MLS® #: 5729921
Price: $799,000
Acres: 0.37
Year Built: 1917
Type: Commercial Sale
Sub-Type: Apartment
Style: Apartment
Status: Pending

Community Information

Address: 2120 Minnehaha Avenue
Area: Seward
Subdivision: Westfalls Add
City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404

Amenities

Amenities: Coin-op Laundry Leased
Garages: Open,Paved

Interior

Appliances: Range,Dishwasher,Refrigerator,Freezer,Electric Water Heater
Heating: Hot Water,Space Heater
Cooling: Central Air

Exterior

Roof: Pitched
Construction: Stucco

Additional Information

Days on Market: 30
Zoning: Industrial

Listing Details

Listing Office: Coldwell Banker Realty

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