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Property Description
Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails.¢ The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork.¢ The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue.¢ The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871).Review the Offering Memorandum for full financial details.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Storage Space, Unfinished
Heating: Boiler
Lot Size: 0.13 Acres
Taxes: $9,324
Year Built: 1902
Feature Descriptions
Days on Site: 1
Foundation Size: 1460
Lot Dimensions: 42 x 127
Owners Expense: Common Area Maintenance, Exterior Maintenance, Gas, Insurance, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
Parcel#: 3502924240087
Parking: Asphalt, Shared Driveway, Parking Lot, Open
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Electricity, Lawn Care, Telephone, Snow Removal
Units: 4
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 952-944-7107
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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Estimated Payment
$ 4,987.00 per month $3,991.28 Principal & Interest $777.00 Property Tax $218.72 Homeowner's InsuranceChange Payment Information
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2549 11th Avenue S | MLS# 7149877
This multi-family property located at 2549 11th Avenue S, Minneapolis, MN 55404 is currently listed for sale with an asking price of $749,900. 11th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.org today.