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
Taxes
Visits
Year Built
Walkscore
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Elite Advantage Team are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
