2413 1st AVE S, Minneapolis, MN 55404
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2413 1st AVE S, Minneapolis, MN 55404
2413 1st AVE S, Minneapolis, MN 55404
2413 1st AVE S, Minneapolis, MN 55404
2413 1st AVE S, Minneapolis, MN 55404
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Todd Priebe

Todd Priebe

+1(612) 749-4569
$ 1,950,000
Est. payment /mo
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Active

2413 1st AVE S Minneapolis, MN 55404

18 Beds

15 Baths

6,098 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Belleview Add

MLS Listing ID 7045824

Bedrooms 18

Year Built 2022

Annual Tax Amount $22,723

Tax Year 2025

Contingent None

Lot Size 6,098 Sqft

Lot Dimensions 47 x 125

Property Description

This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Drain Tiled, Drainage System, Egress Window(s), Finished, Concrete, Tile Shower

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank, Tile

Inclusions Building, Land

Fireplace No

Appliance Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Exterior

Parking Features Driveway - Other Surface

Fence Wood

Utilities Available Electric Common

Roof Type Age 8 Years or Less,Asphalt

Present Use Residential

Building

Story Three Or More

Foundation 2030

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Minneapolis

Listed by Eric Ollestad • Keller Williams Classic Realty

Nearby Locations

Todd Priebe

Todd Priebe

Agent | License ID: 20316853

+1(612) 749-4569

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2413 1st AVE S