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Listing Details
- $2,100,000
- MLS# 7056836
- Type Commercial - Business
- Status Active
Listed By
Agency Name: National Realty Guild
Agency Phone: 651-330-8001
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
Well maintained 22- unit multifamily property with several recent improvements, including updated units, refreshed common hallways, and a new roof. The property has been accepted into the 4d Affordable Housing Incentive Program, resulting in a 78.8% reduction in property taxes beginning in 2026, significantly improving long-term cash flow. Strong rental demand driven by its prime location just minutes from Downtown Minneapolis, major transit corridors, hospitals, employment centers, and neighborhood amenities. Excellent opportunity for investors seeking a stabilized asset with substantial operating savings and continued value-add potenti...read more
Features
- Cooling: Wall Unit(s)
- Heating: Boiler
- Stories: 3.0
- Taxes: $6,780
- Water: City Water/Connected
- Year Built: 1959
Gallery
Listed By
Agency Name: National Realty Guild
Agency Phone: 651-330-8001
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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