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.
MLS ID: 6720910
Directions: W Franklin Ave to 2nd Ave S
MLS #: 6720910
Listing courtesy of: Edina Realty, Inc.
Price: $940,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Residential-Single Family
Current Use: Residential
Total Units: 9
Annual Gross Income: $98,640
Net Operating Income: $56,495
Annual Gross Expense: $42,145
Annual Manager Expense: $6,000
Annual Electric Expense: $2,045
Annual Fuel Expense: $8,085
Annual Insurance Expense: $5,370
Annual Maintenance Expense: $7,650
Annual Water/Sewer Expense: $2,535
Tenant Pays: Electricity
Owner Pays: Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parking Features: Detached, Asphalt, Paved, Unassigned
Garage Spaces: 1
Other Parking Spaces: 3
Owner Occupied: No
Construction Materials: Brick/Stone
AccessibilityFeatures: None
Roof: Age 8 Years or Less, Asphalt, Pitched
Heating: Boiler, Hot Water
Cooling: Window Unit(s)
Year Built: 1929
Foundation Area: 3,160
Amenities - Unit: Hardwood Floors, Tile Floors
Amenities - Association: Coin-op Laundry Owned
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Number of Ranges: Six or More
Number of Refrigerators: Six or More
Utilities: Heating Common
Complex/Dev/Sub Name: Remingtons Add
Lot Dimensions: 50x127
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
District: Minneapolis
District Number: 1
District Phone: 612-668-0000
County: Hennepin
Survey Range: 24
Survey Section: 34
Survey Township: 29
Tax Year: 2025
Tax Amount: $15,417
Assessment Pending: Unknown
Taxes w/Assessments: $15,417
This listing was last updated by Edina Realty, Inc. on 8/26/2025 at 8:43 am.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 12/5/2025 3:25 am.
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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