Added 1 day ago

$2,520,000

2637 Pleasant AvenueMinneapolis, MN 55408

Type: Commercial

1966 Year Built

Description

Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.

MLS ID: 7037156

Directions: Whittier Neighborhood / on lake go to Pleasant and go north to property.

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Property Details

Essential Details

MLS #: 7037156

Listing courtesy of: Apartment Cash Flow, Inc.

Price: $2,520,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Current Use: Residential

Total Units: 21

Annual Gross Income: $265,906

Net Operating Income: $187,179

Operating Expense: $78,726

Annual Manager Expense: $2,400

Annual Electric Expense: $3,240

Annual Fuel Expense: $6,712

Annual Insurance Expense: $8,500

Annual Maintenance Expense: $6,300

Annual Annual Expense: $2,730

Annual Water/Sewer Expense: $11,000

Tenant Pays: Broadband, Electricity

Owner Pays: Fuel, Grounds Care, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water

Parking Features: Paved Lot

Building Details

Owner Occupied: No

Construction Materials: Brick, Frame

AccessibilityFeatures: None

Roof: Age Over 8 Years, Flat, Tar/Gravel

Heating: Boiler, Hot Water

Cooling: Wall Unit(s)

Year Built: 1966

Foundation Area: 6,900

Amenities - Unit: Kitchen Center Island, Tile Floors

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Number of Refrigerators: One Per Unit

Utilities: Electric Separate, Heating Common, Hot Water Common

Lot Details

Complex/Dev/Sub Name: J T Blaisdells Rev Add

Lot Dimensions: 85 x 165

Road Frontage: City Street, Paved Streets, Sidewalks

School Information

District: Minneapolis

District Number: 558

District Phone: 6126680000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 34

Survey Township: 29

Taxes

Tax Year: 2026

Tax Amount: $34,094

Assessment Pending: No

Taxes w/Assessments: $34,094

This listing was last updated by Apartment Cash Flow, Inc. on 3/16/2026 at 8:53 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 3/18/2026 5:05 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM 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 Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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