Active
1802 11th Avenue S
Minneapolis MN, 55404
$1,900,000
$237.50 per sqft
Active
8,000 sqft
Commercial
Built in 1902
THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The current leases are month to month.
POSSIBLE ASSUMPTION OF ABOUT $1,000,000 AT 3.5% ! The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.
6428729
MLSⓇ ID
September 6, 2023
Listed
November 19, 2024
Updated
Map
1802 11th Avenue S
Minneapolis MN, 55404
Interior Features
Total Stories
2
Appliances
Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0 Acres
Lot Features
Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Sewer
City Sewer/Connected
School Information
School District
Minneapolis
Other Property Details
Taxes
$18,217
Tax Frequency
Annually
Days on Market
441
Association Amenities
Common Garden, Patio, Security
Garage
No
Parking
Carport, Covered, Concrete, Paved, More Parking Offsite for Fee
View
Yes
View Description
City Lights
County
Hennepin
Water Source
City Water/Connected
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/19/2024 | Price change | $1,900,000 -5% |
2/7/2024 | Price change | $1,995,000 -10% |
2/3/2024 | Price change | $1,995,000 -10% |
Courtesy of Bridge Realty, LLC
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roost Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Northstar MLS. All rights reserved.
Data last updated 8:13 PM UTC, 11/19/2024
