2606 E Hennepin Avenue Minneapolis, MN ^$ 699,000

2606 E Hennepin Avenue

^$ 699,000

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2606 E Hennepin Avenue

Minneapolis, MN, 55413

^$ 699,000

Studio Baths0.0 Sq 3,280

Monthly Estimate*

^$ 4,883

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Studio

Commercial Property for sale in Minneapolis, MN

for $699,000. This 3,280 square foot building was built in 1960 on a lot size of 0.14.

An amazing 6 unit apartment close to dinky town and the U of M. Ample off street parking. Split heat and split electric per unit. Free common area laundry. Room to raise rents. Similar price as that of a duplex or triplex in the area. A great first time apartment purchase.

Commercial Pending

Price

^$ 699,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,226

Style

Apartment

Lot Size

0.14

Year Built

1960

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6496019

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Heating Separate Hot Water Common

Garage Spaces 0

Construction Materials Brick/Stone

Year Built 1960

Tenant Pays All Utilities

Property SubType Apartment

Tax Year 2023

Current Use Residential

Gross Income 60840

Accessibility None

County Hennepin

Net Operating Income 59340

Insurance Expense 4740

Property Type Commercial Sale

Contingency None

Subdivision Name Glencar Add

Directions From 35W exit 22A for MN-280 towards E Hennepin/Larpenter W west on E Hennepin and destination will be on your left

City Minneapolis

Buyer Agent Compensation 2.70

High School District Minneapolis

Zoning Description Residential-Multi-Family

Total Units 6

Street Name Hennepin

Land Lease Y/N N

Tax Annual Amount 9226

Electric Expense 600

Fuel Expense 744

Trash Expense 2616

Water Sewer Expense 3300

Additional Parcels Y/N N

Days on Market 18

Standard Status Pending

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Paved

Water Source City Water/Connected

Inclusions Building Leases

Lot Size Area 0.14

Building Area Total 3280

Lot Dimensions 127x48

Lot Size Units Acres

Foundation Area 1632

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Electric Natural Gas

Internal Only

Street Number 1 2606

* Excluded Features

List By

Re/Max Results

Broker

sam@ts-re.com

Affordability Calculator

$5,652

Per Month

Monthly Principal & Interest: $4,883
Monthly Property Taxes: $769
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 55%

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
3/4/2024	$699,000		Listed Price

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2606 E Hennepin Avenue, Minneapolis, MN, 55413 is a Commercial Property for sale at $699,000 with 3,280 sqft and a lot size of 0.14. 2606 E Hennepin Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 55413 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 5/1/2024.

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2606 E Hennepin Avenue

Commercial Property for sale in Minneapolis, MN

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