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1701 Elm Street SE Minneapolis, MN $ 6,900,900
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$ 6,900,900 Get more info
1701 Elm Street SE
$ 6,900,900
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1701 Elm Street SE

Minneapolis, MN, 55414
$ 6,900,900
Baths0.0 Sq 28,658

Monthly Estimate*

$ 48,205

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Studio

Commercial Property for sale in Minneapolis, MN

for $6,900,900. This 28,658 square foot building was built in 1987 on a lot size of 1.26.

All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.

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Commercial Active

Price

$ 6,900,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 111,959

Style

Apartment

Lot Size

1.26

Year Built

1987

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6470543
Features
General
Sewer City Sewer/Connected
Heating Hot Water
Utilities Electric Separate Heating Common Hot Water Common
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1987
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 763242
Accessibility None
Additional Parcels Description 2402924140128
County Hennepin
Net Operating Income 506235
Operating Expense 257008
Insurance Expense 9013
Property Type Commercial Sale
Contingency None
Subdivision Name Mcmillans Sub Blks Rollins Add
Directions Kasota Ave/Energy Park Drive (CR32) to SE Elm left follow to property on right.
City Minneapolis
Buyer Agent Compensation 2.30
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 44
Street Name Elm
Land Lease Y/N N
Tax Annual Amount 111959
Electric Expense 8699
Fuel Expense 21976
Trash Expense 6764
Water Sewer Expense 19713
Additional Parcels Y/N Y
Days on Market 85
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Assigned
Water Source City Water/Connected
Inclusions Building Rental License
Lot Size Area 1.26
Building Area Total 28658
Lot Dimensions 172x167
Lot Size Units Acres
Foundation Area 6748
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Interior
Basement (Y/N) N
Street Suffix Street
Fuel Natural Gas
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Internal Only
Street Number 1 1701
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* Excluded Features
List By
Re/Max Professionals

Broker

kenhatfieldhomes@gmail.com

Email

Affordability Calculator

$57,535
Per Month
84%
16%
0%
Monthly Principal & Interest
$48,205
Monthly Property Taxes
$9,330
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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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/14/2024$6,900,900 -13.74% Price Down
12/20/2023$8,000,000 Listed Price

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1701 Elm Street SE, Minneapolis, MN, 55414 is a Commercial Property for sale at $6,900,900 with 28,658 sqft and a lot size of 1.26. 1701 Elm Street SE is a studio with 0.0 baths and was built in 1987. The property's zip code is 55414 which is in Minneapolis, MN

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