1920 Stevens Avenue Minneapolis, MN $ 639,000
1920 Stevens Avenue
$ 639,000
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1920 Stevens Avenue

Minneapolis, MN, 55403
$ 639,000
Baths0.0 Sq 6,544

Monthly Estimate*

$ 4,464

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Studio

Commercial Property for sale in Minneapolis, MN

for $639,000. This 6,544 square foot building was built in 1890 on a lot size of 0.29.

Amazing investment opportunity in a prime metro location! This beautiful Victorian mansion conversion offers 9 separate units including an incredible 3rd floor loft with vaulted ceilings and skylights. A unique and attractive opportunity to owner-occupy the top floor, while earning rental income from the other 8 units. You will love the stunning vintage detailing throughout including stained glass windows, numerous original fireplaces with intricately carved hardwood mantels, and ceramic tile surrounds. Stunning woodworker artistry throughout including hardwood floor inlays, and massively thick pocket doors! Set upon a two-foot thick stone foundation this structure is impressively solid! The property includes an oversized lot with ten off-street parking spaces in the back. Bonus: There is ample space to build garages and add accessory dwelling units above for additional income potential. NEW ROOF set for 2024!

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Commercial Pending

Price

$ 639,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,093

Style

Apartment

Lot Size

0.29

Year Built

1890

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6435233

Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator(s)
Cooling Window Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Asphalt Pitched
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1890
Tenant Pays Cable TV
Levels Three Or More
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 108420
Accessibility None
County Hennepin
Net Operating Income 77047
Operating Expense 20280
Insurance Expense 3600
Property Type Commercial Sale
Association Amenities None
Contingency None
Subdivision Name Jackson Daniels & Whitneys Add
Directions Franklin Avenue to North on 1st Avenue East on 19th Street South on Stevens Avenue to address.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
Total Units 9
Street Name Stevens
Land Lease Y/N N
Tax Annual Amount 11093
Electric Expense 4080
Fuel Expense 6600
Trash Expense 3000
Water Sewer Expense 3000
Additional Parcels Y/N N
Days on Market 180
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full Stone/Rock
Basement (Y/N) Y
Street Suffix Avenue
Fuel Natural Gas
Garage Dimensions 0
Garage Square Feet 0
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Exterior
Parking Features Paved Unassigned Open
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.29
Building Area Total 6544
Lot Dimensions 90x128
Lot Size Units Acres
Foundation Area 2356
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1920
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* Excluded Features
List By
Re/Max Results

Broker

scott.belcher@results.net

Email

Affordability Calculator

$5,388
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$924
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$639,000 -1.54% Price Down
2/22/2024$649,000 -7.15% Price Down
10/9/2023$699,000 -6.68% Price Down
9/19/2023$749,000 Listed Price

Map


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1920 Stevens Avenue, Minneapolis, MN, 55403 is a Commercial Property for sale at $639,000 with 6,544 sqft and a lot size of 0.29. 1920 Stevens Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 55403 which is in Minneapolis, MN