Property for Sale in Minneapolis
6141 Nicollet S Avenue
Minneapolis, MN 55419
Property Details
Year Built
1958
Square Feet
12,000
Parking Features
Paved
Zoning
Residential-Multi-Family
2024 Property Taxes
$22,595
School District
Minneapolis
County
Hennepin
The nicollet ave apartments offers investors a higher return for their money then most deals on the market today!! the owner has carefully renovated every unit with newer kitchens, newer bathrooms, all new lighting and plumbing fixtures, new carpet, refinished original oak hardwood flooring, and new tile and quartz countertops!! each kitchen has also received a complete stainless-steel appliance package that includes full-size dishwashers. the laundry machines are leased through bds on a revenue shared program and offers residents an electronic payment system. the owner has also increased revenue significantly by implementing a utility reimbursement program through rubs. this asset will change hands fully rented and stabilized with market rents and leases running through this fall and into spring 2026. the current in place cap rate of 7.93% is based on a net operating income $137,250+
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Cooling
Window Unit(s)
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Dishwasher,Range,Refrigerator
Listed By
Nathan Opatz of Apartment Cash Flow, Inc.
Listed
04/08/25 and last updated 06/14/25

Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.