4001 Mavelle Drive
Edina, MN 55435
Price: $2,750,000
Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans.
Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District.
This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space.
Additional features include:
Baseboard hot water radiant heat for consistent comfort
Tenants pay electric
Coin-operated laundry on site
Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina).
1031 Exchange property.
Basic Features:
| Type |
Commercial Sale |
| Zoning |
Residential-Multi-Family |
| Year Built |
1961 |
| School District |
Edina |
| County |
Hennepin |
| Lot Size |
Irregular |
| Acreage |
0.67 acres |
| Garage |
12 Car |
| Number of Units |
12 |
| Tax $ / Year |
$28,991 / 2025 |
| Tax ID |
|
| Legal Description |
|
Includes:
Building,Land,Leases
Additional Features
| Government Programs |
|
| Section |
31 |
| Terrain Type |
|
| Cooling |
Window Unit(s) |
| Driveway |
|
| Foundation |
500.00 |
| Fuel Source |
Electric,Natural Gas |
| Handicap Access |
No Stairs External |
| Heating |
Baseboard,Boiler |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Detached Garage,Parking Lot |
| Exterior Construction |
|
| Utilities |
Electric Separate,Heating Common |
| Laundry |
N |
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