Property for Sale in Minneapolis
2110 1st S Avenue
Minneapolis, MN 55404

Price
$699,900

MLS #
7085297

Status
Active


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Property Details

Year Built
1913

Parking Features
Detached Garage

Zoning
Residential-Multi-Family

2026 Property Taxes
$16,040

School District
Minneapolis

County
Hennepin


Beautiful Grand Victorian boarding house with active rental license. 18 single rooms which include an owner's suite with 2 bedrooms. Currently there are only 5 units rented at $500 per month. Market rate should be closer to $600 per room on average. 17 rooms are allowed to be rented although the current license has approval for 16. There is an opportunity to generate $10,200 per month at market rent. There is a steady demand for units and the property is being underutilized. Owners' suite is spacious and has a full kitchen and private bathroom. Possible for an ADU in the basement and above the garage. Many bathrooms have been capped. There is currently one bathroom per floor that is operational. There are a total of 13 bathrooms. Large parking lot can accommodate up to 15 cars. There is a spacious 3 car garage on site and additional carriage house. New roof installed in 2021. Exterior painted in 2021. The property is priced well below assessed value of $937,000 setting you up for a large reduction in property taxes! This a perfect opportunity for a live in handyman to repair and remodel the property and have the mortgage covered. Lots of unique opportunities for investors or other organizations to cash flow this iconic property!


From Franklin Ave go South on 1st to the property.


From Franklin Ave go South on 1st to the property.

Features


Utilities
Electric Common

Heating
Boiler

Sewer
City Sewer - In Street

Water
Public

Foundation
Brick/Mortar

Additional Info


Includes
Dishwasher,Gas Water Heater,Range,Refrigerator,Wall Oven

Listed By
Ryan Quade of Coldwell Banker Realty - Southwest Regio

Listed
05/29/26 and last updated 06/03/26

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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.

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