Property for Sale in Minneapolis
2725 Pleasant Avenue
Minneapolis, MN 55408

Price
$2,400,000

MLS #
7141393

Status
Active


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Property Details

Year Built
1968

Parking Features
Parking Lot

Acres
0.34

Zoning
Business/Commercial

2026 Property Taxes
$34,164

School District
Minneapolis

County
Hennepin


Outstanding value-add investment opportunity in South Minneapolis. This 100%-occupied, 21-unit apartment building at 2725 Pleasant Ave S (1 efficiency, 3 studio/1-bath, 15 one-bedrooms, 2 two-bedrooms, plus 25 surface parking spaces and on-site laundry) offers a buyer immediate cash flow with significant upside as rents move to market. 15 units have already been updated, including 5 with new bathrooms, the 21st unit is currently being renovated and reactivated for an added income stream. Major capital items are already addressed — a full roof and parapet wall rebuild ($350,000, 2023) and a 2026 sewer main lining — plus fresh common-area paint and new hallway carpet on order. A building-wide RUBS program was implemented within the past 12 months, shifting water/sewer, trash, and electric/gas costs to tenants, and the 25 parking spaces (currently free) offer a straightforward paid-parking upside. Seller financing may be available for qualified buyers.


From 35 W S, Exit on E Lake Street and head West, then North on 1st Ave S, then East on W27th St., South on Pleasant to 2725 Pleasant.


From 35 W S, Exit on E Lake Street and head West, then North on 1st Ave S, then East on W27th St., South on Pleasant to 2725 Pleasant.

Features


Utilities
None Available

Heating
Other

Sewer
City Sewer/Connected

Water
Public

Foundation
Other

Additional Info


Listed By
Adam Hunt of Fuze Real Estate

Listed
09/09/26 and last updated 09/10/26

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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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