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1920 Stevens Avenue Minneapolis, MN $ 694,500
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$ 694,500 Get more info
1920 Stevens Avenue
$ 694,500
Back to search
Share Save

1920 Stevens Avenue

Minneapolis, MN, 55403
$ 694,500
Baths0.0 Sq 6,544

Monthly Estimate*

$ 4,616

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Studio

Commercial Property for sale in Minneapolis, MN

for $694,500. This 6,544 square foot building was built in 1890 on a lot size of 0.29.

Act quickly on this one!!! NEW ROOF 6/2024. NEW BOILER to be installed with accepted offer. NEWER Water Heater installed. COPPER WATER LINE to street. Updated Electric on the 1st and 2nd floors: 2016. The 3rd - Floor loft has separate electricity. Unique investment opportunity to own this 9-unit converted mansion with good cash-flow! This historic Victorian-era property offers ornate woodwork, original fireplaces, and hardwood floors with inlays. The main floor offers two efficiency units and a large two-bedroom unit. The second floor offers five efficiencies each with a kitchenette, Two have a private bath, and three share a hallway bathroom. The third floor is a large loft unit (original ballroom) with vaulted ceilings, skylights, and original built-ins, and would work perfectly for an owner-occupant or VRBO. Generous off-street parking for ten cars.

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Commercial Active

Price

$ 694,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,696

Style

Apartment

Lot Size

0.29

Year Built

1890

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6546925
Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator(s)
Cooling None
Utilities Electric Common Heating Common Hot Water Common
Roof Age 8 Years or Less
Appliances Dryer Range Refrigerator Washer
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1890
Tenant Pays None
Levels Three Or More
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 103680
Accessibility None
County Hennepin
Net Operating Income 83400
Insurance Expense 3600
Property Type Commercial Sale
Association Amenities Common Garden
Contingency None
Subdivision Name Jackson Daniels & Whitneys Add
Directions Nicollet Avenue East on 19th Street South on Stevens to Property.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
NumberOfUnitsTotal 9
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 11696
Electric Expense 4080
Fuel Expense 6600
Trash Expense 3000
Water Sewer Expense 3000
Additional Parcels Y/N N
Days on Market 10
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors Natural Woodwork
Buyer Agent Compensation Type %
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Interior
Basement Stone/Rock
Basement (Y/N) Y
Fuel Natural Gas
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Exterior
Parking Features None
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.29
Building Area Total 6544
Lot Dimensions 90x128
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

$5,591
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,616
Monthly Property Taxes
$975
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
6/10/2024$694,500 -0.07% Price Down
6/4/2024$695,000 Listed Price

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1920 Stevens Avenue, Minneapolis, MN, 55403 is a Commercial Property for sale at $694,500 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

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