Opportunity to own 14 units in a great transit/walk-able neighborhood. Located on the bus-line and a block from the light rail. 1960's Value Add opportunity, with about 80% of the units being updated/renovated. Rents below market.
MLS ID: 7002440
Directions: 32nd Street and Minnehaha Ave
MLS #: 7002440
Listing courtesy of: National Realty Guild
Price: $1,600,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Residential-Multi-Family
Current Use: Residential
Total Units: 14
Annual Gross Income: $139,435
Net Operating Income: $75,520
Operating Expense: $66,915
Parking Features: Parking Lot
Owner Occupied: No
AccessibilityFeatures: None
Heating: Boiler
Year Built: 1960
Foundation Area: 11,010
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Utilities: Heating Common
Complex/Dev/Sub Name: Adams Rgt Lts Monarch & Burgess Adds
Lot Dimensions: xx
District: Minneapolis
District Number: 558
District Phone: 6126680000
County: Hennepin
Survey Range: 24
Survey Section: 01
Survey Township: 28
Tax Year: 2025
Tax Amount: $23,234
Assessment Pending: No
Taxes w/Assessments: $23,399
This listing was last updated by National Realty Guild on 1/6/2026 at 5:43 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 2/1/2026 2:25 am.
Copyright 2026 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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