Description
MLS ID: 6724331
Directions: 94 to Riverside Exit. Go S on 26th to E Franklin. Go W on East Franklin to 21st Ave S. Property is NW corner of E Franklin and 21st Ave S.
Type: Commercial
1916 Year Built
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Property Details
Essential Details
MLS #: 6724331
Listing courtesy of: Caspian Group
Price: $1,899,900
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Residential-Multi-Family
Current Use: Residential
Total Units: 16
Annual Gross Income: $254,400
Net Operating Income: $86,400
Annual Gross Expense: $168,000
Annual Electric Expense: $1,000
Annual Fuel Expense: $1,000
Annual Insurance Expense: $18,000
Annual Maintenance Expense: $10,000
Annual Annual Expense: $2,500
Tenant Pays: Electricity, Gas
Parking Features: Asphalt, Parking Lot, Paved, Open
Other Parking Spaces: 12
Building Details
Owner Occupied: No
Construction Materials: Stucco
AccessibilityFeatures: None
Heating: Boiler, Radiator(s)
Cooling: Window Unit(s)
Style: Apartment
Year Built: 1916
Foundation Area: 1,700
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Lot Details
Complex/Dev/Sub Name: Murphys Add
Lot Dimensions: 165 X 107
School Information
District: Minneapolis
District Number: 1
District Phone: 612-668-0000
Community Information
County: Hennepin
Survey Range: 24
Survey Section: 25
Survey Township: 29
Taxes
Tax Year: 2023
Tax Amount: $34,921
Assessment Pending: No
Taxes w/Assessments: $36,418
This listing was last updated by Caspian Group on 9/3/2025 at 6:19 pm.
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.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc.
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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