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Nick Leavy

nick@iheartexit.com +1(701) 205-1350

$899,000

Est. payment - /mo

11 Beds

6 Baths

5,662 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Bakers Add

MLS Listing ID 7023006

Bedrooms 11

Year Built 1925

Annual Tax Amount $14,934

Tax Year 2026

Contingent None

Lot Size 5,662 Sqft

Lot Dimensions 45x121

Property Description

This extensively remodeled five-unit apartment building represents a rare, turn-key investment opportunity with both immediate income and long-term upside. The property features four spacious two-bedroom, one-bath units and a highly desirable three-bedroom, two-bath unit, complemented by a two-car garage and additional off-street parking. Kitchens have been fully updated with new cabinetry, modern appliances, fresh countertops, and in-unit or on-site laundry options, while refinished flooring, updated paint, select new windows and doors, and refreshed bathrooms with new tile enhance tenant appeal throughout. Importantly for the discerning investor, the ownership approach prioritized durability and longevity—plumbing, electrical, and other behind-the-walls infrastructure were upgraded with a long-term hold strategy in mind, materially reducing future capital expenditure risk. All five units are currently leased. Additional tenant amenities include basement storage lockers and shared laundry. The sale is driven solely by the seller's pursuit of a new business venture, creating a compelling opportunity to acquire a well-maintained, thoughtfully upgraded asset built for stable performance well into the future.

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Family Room Other

Basement Egress Window(s), Finished, Full, Storage/Locker, Storage Space

Interior

Heating Boiler, Radiator

Cooling Window Unit(s)

Flooring Wood

Inclusions Building, Land, Leases, Rental License

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Exterior

Parking Features Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned

Garage Spaces 2.0

Pool None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Flat,Rubber

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story Two

Foundation 2181

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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Listed by Ryan Fischer • RE/MAX Results

Nearby School & Business

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Nick Leavy

+1(701) 205-1350

President License ID: 40668858

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3407 Lyndale AVE S Minneapolis, MN 55408

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information