Price Reduction
Address
2511 1st Avenue S, Minneapolis, MN
Price
$ 1,050,000
Property Attributes
  • ID#6153427
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaGeo Galpins Add
  • NeighborhoodGeo Galpins Add
  • Zip55404
  • StyleQuadruplex
  • Year Built1910
  • Taxes$ 10398
  • Price$ 1,050,000
  • Bedrooms15
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage6817
  • Lot Size6,098 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

Come check out this great property! Location is ideal, located close to MCAD in the Stevens Square neighborhood, walking distance to shops & restaurants. This property has 4 units; two on the lower level with 3bd/1ba, one on the second level with 5bd/2ba and one on the third level with 4bd/2ba. Units each contain their own boiler and gas & electric meters. Also, the option to add a non-conforming 5th unit in the basement. Roughed-in with plumbing, electrical, heat and an egress window. This is a great investment property with potential to increase rent should the owner complete more upgrades. A MUST SEE!

Price History
5/17/2022 Listed $1,250,000
6/14/2022 8% - $1,150,000
7/16/2022 9% - $1,050,000

General Features

Accessibility None
Additional Parcels Y/N No
Association Amenities Porch, Security
Basement Finished, Full, Partially Finished
City Minneapolis
Construction Materials Brick/Stone, Stucco, Vinyl Siding
Contingency None
County Hennepin
Days on Market 77
Directions Lake Street to 1st Ave S, North to Property.
Heating Hot Water
High School District Minneapolis
Lender Owned No
Levels More Than 2 Stories
New Construction No
Ownerpays Electricity, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Water
Property SubType Quadruplex
Property Type Residential Income
Roof Age 8 Years or Less, Asphalt
Sewer City Sewer/Connected
Standard Status Active
Street Name 1st
Subdivision Name Geo Galpins Add
Tax Annual Amount 10398
Tax Year 2021
Tenant Pays Cable TV, Electricity, Fuel
Total Units 4
Virtual Tour https://tours.spacecrafting.com/n-1rez
Year Built 1910
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 6217
Below Grade Finished Area 600
Fireplace Y/N No
Fuel Natural Gas
SQFT Above Ground Total 6216.0000
SQFT Below Ground Total 2080.0000
SQFT Main Total 2080.0000
SQFT Total 8296.00
Street Suffix Avenue

Exterior Features

DO NOT ENABLE COMPLIANCE Living Area 6817
Foundationarea 2080
Lot Dimensions 46x127
Lot Size Area 0.14
Lot Size Units Acres
Parking Features Concrete, Unassigned, Open
Road Frontage Type City Street
Water Source City Water/Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55404

Price
AVG $520K
$1.05M
Taxes
AVG $6,270
$10,398
Visits
AVG 19
84
Year Built
AVG 1903
1910
Walkscore
AVG 83
93
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover