12-unit apartment building in Minneapolis offering a compelling value-add opportunity for the savvy investor. Unit mix consists of 11 one-bedroom units and 1 studio, providing broad rental appeal in a market with consistently strong demand for affordable, right-sized units. Building amenities include on-site laundry and a detached 10-stall garage — a highly marketable feature that commands premium rents and drives tenant retention. Current rents offer meaningful upside through unit updates and lease-up to market rate. Solid bones, strong location, and room to grow NOI make this an ideal addition to any portfolio.
Listing Courtesy of: Bridge Realty, LLC
612-390-8590
| Listing Id: | 7091641 |
|---|---|
| List Price: | $1,280,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bedrooms Total: | 11 |
| Bathrooms Full: | 12 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $18,602 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 48 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Sundquist Add |
| Postal Code: | 55408 |
| Year Built: | 1925 |
| Number Of Units Total: | 12 |
| Accessibility Features: | None |
| Appliances: | Range, Refrigerator |
| Basement: | Yes |
| Basement: | Block |
| Bathrooms Total Integer: | 12 |
| Building Area Total: | 7644 |
| Construction Materials: | Brick, Concrete |
| Cooling: | Window Unit(s) |
| Current Use: | Commercial |
| Directions: | Exit 14 off I-35n, head west. North on Hennepin Ave one block. West on block. 3rd property north. |
| Flooring: | Carpet, Vinyl, Wood |
| Foundation Area: | 7,644 |
| Garage Spaces: | 10 |
| Heating: | Radiator |
| High School District: | Minneapolis |
| Inclusions: | Building, Leases |
| Levels: | Two |
| Listing Contract Date: | 2026-08-13 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.21 |
| Lot Size Dimensions: | 63X145 |
| Lot Size Units: | Acres |
| Amenities Unit: | City View, Natural Woodwork |
| Assessment Pending: | No |
| Ceiling Height: | 8-10 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 2000 |
| Lender Owned: | No |
| Overhead Door Clearance: | 0-9 Feet |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Six or More |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $18,608 |
| Owner Pays: | Heat, Hot Water, Repairs, Trash Collection, Water |
| Parcel Number: | 0302824240160 |
| Parking Features: | Assigned, Detached Garage, Gravel |
| Pool Features: | None |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 03 |
| Public Survey Township: | 28 |
| Roof: | Age 8 Years or Less, Tar/Gravel |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Electricity, Gas |
| Topography: | Level |
| Utilities: | Electric Separate, Heating Common, Hot Water Common |
| Window Features: | Screens, Blinds |
| Water Source: | City Water/Connected |
| Zoning Description: | Business/Commercial |
| Township: | Minneapolis |
| Patio Porch Type: | Rear Porch |
| For Sale Or Lease: | For Sale |
| Exterior Features: | Brick Veneer |
| Foundation Details: | Brick/Mortar |
| Commercial Style Type: | Apartments/Multi Family |
| School District Full Name: | 1 - Minneapolis |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:16 PM - CT
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Property Last Updated: October 08, 2026 04:16 PM - CT
