$ 1,950,000
-
$1,950,000
Price -
18
Bed -
15
Bath -
7,530
SqFt -
0.14
Acre
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About the Listing 300130 - 502041848
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!
Listing Highlights
Interior Details
- Bedrooms: 18
- Bathrooms: 15 Full
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
- Air Cond: Central Air
- Heating: Forced Air,Electric
- Fireplaces:
- Floor:
- Basement: Drain Tiled,Drainage System,Egress Window(s),Finished,Tile Shower
- Other: Balcony,Ceiling Fan(s),Indoor Sprinklers,Kitchen Center Island,Kitchen Window,Local Area Network,Primary Bedroom Walk-In Closet,Paneled Doors,Tile Floors,Washer/Dryer Hookup
- Water: City Water/Connected
Exterior Details
- Lot Description: Wood
- Garage Capacity: N/A
- Lot Dimensions: 47 x 125
- Zoning: Residential-Multi-Family
- Roof: Age 8 Years or Less,Asphalt
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Driveway - Other Surface
Financial Details
- Tax Amount: $22,805
- Taxes w/Assessments: N/A
- Tax/Property ID: 3402924130009
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
2413 1st Ave S Minneapolis, MN 55404
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