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Property Details

2413 1st Avenue S
Minneapolis, MN 55404

Price: $1,999,900

Listing # 7045824


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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!

Basic Features:

Type Commercial Sale
Zoning Residential-Multi-Family
Year Built 2022
School District Minneapolis
County Hennepin
Lot Size 47 x 125
Acreage 0.14 acres
Bedrooms 18
Total Baths 15
Number of Units 6
Tax $ / Year $22,723 / 2025
Tax ID
Legal Description

Includes:

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

Additional Features
Government Programs
Section 34
Terrain Type
Basement Drain Tiled,Drainage System,Egress Window(s),Finished,Concrete,Tile Shower
Cooling Central Air
Driveway
Foundation 2030.00
Fuel Source Electric
Handicap Access Other
Heating Forced Air
Roof Age 8 Years or Less,Asphalt
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Driveway - Other Surface
Exterior Construction
Fencing Wood
Utilities Electric Common
Laundry N

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