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2020 E Franklin Avenue Minneapolis, MN $ 1,999,900
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$ 1,999,900 Get more info
2020 E Franklin Avenue
$ 1,999,900
Back to search
Share Save

2020 E Franklin Avenue

Minneapolis, MN, 55404
$ 1,999,900
Baths0.0 Sq 13,600

Monthly Estimate*

$ 13,970

2020 E Franklin Avenue, Minneapolis, MN 55404 - Image 1
2020 E Franklin Avenue, Minneapolis, MN 55404 - Image 2
2020 E Franklin Avenue, Minneapolis, MN 55404 - Image 3
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2020 E Franklin Avenue, Minneapolis, MN 55404 - Image 7
Studio

Commercial Property for sale in Minneapolis, MN

for $1,999,900. This 13,600 square foot building was built in 1916 on a lot size of 0.41.

This multi-family property is located in the Seward neighborhood and features 16 rental units. 8 of the units are two-bedroom units and 8 of the units are three-bedroom units. This property features many updates including all new windows, repaired exterior stucco and new paint, all new exterior security door, new asphalt patching of parking lot. Interior units feature new appliances, bathroom fixtures, interior paint, new light fixtures, new interior locks. There are currently 10 vacancies allowing for the new buyer to fill with their own tenants. This property is great for affordable rentals or ICS grant usage.

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Commercial Active

Price

$ 1,999,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 34,921

Style

Apartment

Lot Size

0.41

Year Built

1916

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6474426
Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator(s)
Cooling Window Unit(s)
Utilities Electric Separate Heating Separate Hot Water Separate
Appliances Freezer Range Refrigerator
Garage Spaces 0
Construction Materials Stucco
Year Built 1916
Tenant Pays Electricity Gas
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 254400
Accessibility None
County Hennepin
Net Operating Income 86400
Insurance Expense 18000
Property Type Commercial Sale
Contingency None
Subdivision Name Murphys Add
Directions 94 to Riverside Exit. Go S on 26th to E Franklin. Go W on East Franklin to 21st Ave S. Property is NW corner of E Franklin and 21st Ave S.
City Minneapolis
Buyer Agent Compensation 2.00
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 16
Street Name Franklin
Land Lease Y/N N
Tax Annual Amount 34921
Electric Expense 1000
Fuel Expense 1000
Trash Expense 2500
Additional Parcels Y/N N
Days on Market 72
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Asphalt Parking Lot Paved Open
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Leases
Lot Size Area 0.41
Building Area Total 13600
Lot Dimensions 165 X 107
Lot Size Units Acres
Foundation Area 1700
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Interior
Basement (Y/N) N
Street Suffix Avenue
Foundation Dimensions 35*48
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Internal Only
Street Number 1 2020
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* Excluded Features
List By
Caspian Group

Broker

patrick@caspianrealty.com

Email

Affordability Calculator

$16,880
Per Month
83%
17%
0%
Monthly Principal & Interest
$13,970
Monthly Property Taxes
$2,910
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
1/7/2024$1,999,900 Listed Price

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2020 E Franklin Avenue, Minneapolis, MN, 55404 is a Commercial Property for sale at $1,999,900 with 13,600 sqft and a lot size of 0.41. 2020 E Franklin Avenue is a studio with 0.0 baths and was built in 1916. The property's zip code is 55404 which is in Minneapolis, MN

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