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1802 11th Avenue S

Minneapolis, Minnesota, 55404, United States

Property ID: #1310079 // Commercial // Source Status: Active
1802 11th Avenue S
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Traditional Sale
List Price:
$1,995,000.00
Icon - ft²
Icon 0.23 acres
Icon - beds
Icon - baths
Address:
1802 11th Avenue S
City:
Minneapolis
State:
Minnesota
Zip Code:
55404
County:
Hennepin
Subdivision:
J S & W Elliots Add
Country:
United States
Property Type:
Commercial
Additional Property Types:
Apartment
Year Built:
1902
Lot Size:
0.23 acres
Data Source:
Northstar MLS
MLS/Reference Number(s):
NST6428729
Source Status:
Active
Source Property Type:
Commercial, Apartment

Property Provided By

  • Steven Pierce
  • Bridge Realty, LLC
  • +1 (612) 325-2476

Connect with local buyer agents who are willing to offer commission savings!

Property Information

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.

Directions

Near US Bank Stadium, the first building over the 11th Ave Bridge.

Source Disclaimer

Northstar MLS

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Listing courtesy of Bridge Realty, LLC.
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