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Active
$1,995,000
/mo Edit
Commercial:  Apartments
Built 1902
0.23 acres
Minneapolis schools
MLS# 6428729
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    Property Description

    One of a Kind upscale building constructed and contracted by the owner! This was 12 apartments which were gutted and made into 6, over the top units. Virtually a brand new building with a beautiful brownstone exterior. To see it is to love it! It is very close to US bank Stadium being the first building over the 11th Ave. Bridge just past Augustana. The entire top of the parking canopy has solar panels. Rents are low for these Class A Units. Could be good for a Group Home or Assisted Living or Supported Living. Could be ideal for an Owner Occupant to live for free and have the lessees pay off the building. Unit #4 was built for handicap. There is a platform lift to it for access. Comes Completely Furnished.

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Apartments
    Zip Code: 55404
    Neighborhood/Area: Ventura Village
    Subdivision Name: J S & W Elliots Add

    Interior

    Ceiling Height: 8-10
    Ranges: Six or More
    Refrigerators: Six or More
    Appliances Included:
    • Dishwasher
    • Dryer
    • Exhaust Fan
    • Microwave
    • Range
    • Refrigerator
    • Stainless Steel Appliances
    • Washer
    Basement Details:
    • Finished
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 6
    Air Conditioning: Central Air
    Foundation Size: 2,947 ft2
    Handicap Accessible: Partially Wheelchair
    Heating System: Forced Air
    Parking Features:
    • Carport
    • Concrete
    • Covered
    • More Parking Offsite for Fee
    • Paved
    Shared Amenities:
    • Common Garden
    • Patio
    • Security
    Unit Amenities:
    • City View
    • Ethernet Wired
    • In-Ground Sprinkler
    Exterior Material: Brick/Stone

    Lake & Waterfront

    Waterfront View: City Lights

    Lot & Land

    Acres: 0.23
    Geolocation: 44.96497700, -93.25863600
    Inclusions: Building, Fixture/Equipment, Other
    Lot Dimensions: 150 x 68
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Electric Expense: $4,800
    Annual Fuel Expense: $3,000
    Annual Insurance Expense: $8,750
    Annual Trash Expense: $2,100
    Annual Water/Sewer Expense: $3,000
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $18,217
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $18,217

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Bridge Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.