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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$1,950,000

Est. payment - /mo

18 Beds

15 Baths

6,098 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Belleview Add

MLS Listing ID 7112277

Bedrooms 18

Year Built 2022

Annual Tax Amount $22,805

Tax Year 2026

Contingent None

Lot Size 6,098 Sqft

Lot Dimensions 47 x 125

Property Description

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!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Drain Tiled, Drainage System, Egress Window(s), Finished, Tile Shower

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank, Tile

Inclusions Building

Fireplace No

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

Exterior

Parking Features Driveway - Other Surface

Fence Wood

Utilities Available Electric Common

Roof Type Age 8 Years or Less,Asphalt

Present Use Residential

Building

Story Three Or More

Foundation 2030

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Minneapolis

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Listed by Eric Ollestad • Value Homes Realty Group LLC

Nearby School & Business

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Chad Pederson

+1(612) 325-8745

Broker License ID: 20586306

Featured Communities in Minnesota

2413 1st AVE S Minneapolis, MN 55404

Chad Pederson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

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