1802 11th AVE S, Minneapolis, MN 55404 - MLS#6428729

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Brandon Anderson

brandon@brandonanderson.com +1(612) 490-0638

$1,995,000

Est. payment - /mo

10,018 Sqft Lot

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UPDATED:

07/29/2024 03:31 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision J S & W Elliots Add

MLS Listing ID 6428729

Year Built 1902

Annual Tax Amount $18,217

Tax Year 2023

Contingent None

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 150x68

Property Description

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 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.
Loan assumption on a low interest rate loan of about one million is available.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Finished, Full

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Fixture/Equipment, Other

Fireplace No

Appliance Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Exterior

Garage Carport, Covered, Concrete, Paved, More Parking Offsite for Fee

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

View City Lights

Present Use Residential

Parking Type Carport, Covered, Concrete, Paved, More Parking Offsite for Fee

Building

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

Story Two

Foundation 2947

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Steven Pierce • Bridge Realty, LLC

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Brandon Anderson

+1(612) 490-0638

Agent | License ID: 40180683

Agent License ID: 40180683