Property for Sale in Minneapolis
2413 1st S Avenue
Minneapolis, MN 55404
Property Details
Year Built
2022
Square Feet
7,530
Parking Features
Driveway - Other Surface
Zoning
Residential-Multi-Family
2025 Property Taxes
$22,723
School District
Minneapolis
County
Hennepin
This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!
1st Ave S just south of E 24th St and one block East of Nicollet Ave.
Features
Utilities
Electric Common
Cooling
Central Air
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Freezer,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Listed By
Eric Ollestad of Keller Williams Classic Realty
Listed
03/31/26 and last updated 03/31/26
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.
