2014 2nd Avenue S Minneapolis, MN ^$ 1,075,000

2014 2nd Avenue S

^$ 1,075,000

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2014 2nd Avenue S

Minneapolis, MN, 55404

^$ 1,075,000

Studio Baths0.0 Sq 9,480

Monthly Estimate*

^$ 7,509

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Studio

Commercial Property for sale in Minneapolis, MN

for $1,075,000. This 9,480 square foot building was built in 1929 on a lot size of 0.15.

VINTAGE THREE STORY APARTMENT BUILDING BUILT IN 1929 WITH 9,480 SQ FT. 9 UNITS WITH 4-ONE BEDROOMS, 4-EFFICIENCES, AND 1-THREE BEDROOM, 4 ONSITE PARKING SPACES. NEW ROOF IN 2016. NEW BOILER IN 2022. SOME OF THE UNITS HAVE BEEN REMODELED WITH NEWER WINDOWS. THE BUILDING HAS BEEN DESIGNATED AN HISTORIC APARTMENT BUILDING BY THE MINNEAPOLIS HERITAGE PRESERVATION COMMISSION. CLOSE TO THE MINNEAPOLIS INSTITUTE OF ARTS.

Commercial Active

Price

^$ 1,075,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 16,330

Style

Lot Size

0.15

Year Built

1929

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6477918

Features

General

Sewer City Sewer/Connected

Heating Boiler Hot Water

Cooling Window Unit(s)

Utilities Heating Common

Roof Age 8 Years or Less Asphalt Pitched

Appliances Cooktop Dishwasher Dryer Gas Water Heater Range Refrigerator Washer

Garage Spaces 1

Construction Materials Brick/Stone

Year Built 1929

Tenant Pays Electricity

Levels Three Or More

Tax Year 2024

Current Use Residential

Gross Income 94800

Accessibility None

County Hennepin

Net Operating Income 48185

Insurance Expense 4710

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned

Contingency None

Subdivision Name Remingtons Add

Directions W Franklin Ave to 2nd Ave S

City Minneapolis

Buyer Agent Compensation 2.25

High School District Minneapolis

Zoning Description Residential-Single Family

Total Units 9

Street Name 2nd

Land Lease Y/N N

Tax Annual Amount 16330

Electric Expense 1760

Fuel Expense 8100

Water Sewer Expense 2465

Additional Parcels Y/N N

Days on Market 77

Standard Status Active

Lender Owned No

Amenities Unit Hardwood Floors Tile Floors

Buyer Agent Compensation Type %

Exterior

Parking Features Detached Asphalt Paved Unassigned

Lot Features Tree Coverage - Medium

Water Source City Water/Connected

Inclusions Building Fixture/Equipment

Lot Size Area 0.15

Building Area Total 9480

Lot Dimensions 50x127

Lot Size Units Square Feet

Foundation Area 3160

Road Frontage Type City Street Curbs Paved Streets Sidewalks

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 2014

* Excluded Features

List By

Edina Realty, Inc.

Broker

jimcohen@edinarealty.com

Affordability Calculator

$8,870

Per Month

Monthly Principal & Interest: $7,509
Monthly Property Taxes: $1,361
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Minneapolis, MN

Average List Price ^$1,084,649

Percent of Sale Price 1%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2024	$1,075,000	-4.44%	Price Down
1/16/2024	$1,125,000		Listed Price

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2014 2nd Avenue S, Minneapolis, MN, 55404 is a Commercial Property for sale at $1,075,000 with 9,480 sqft and a lot size of 0.15. 2014 2nd Avenue S is a studio with 0.0 baths and was built in 1929. The property's zip code is 55404 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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2014 2nd Avenue S

Commercial Property for sale in Minneapolis, MN

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