$ 1,125,000
-
$1,125,000
Price -
7,344
SqFt -
0.18
Acre
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About the Listing 26618 - 502029211
11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Boiler,Electric,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 63.00 X 125.00
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot,Paved Lot
Financial Details
- Tax Amount: $3,294
- Taxes w/Assessments: N/A
- Tax/Property ID: 0102824220014
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3010 20th Ave S Minneapolis, MN 55407
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