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2848 Irving Avenue S Minneapolis, MN $ 979,000
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$ 979,000 Get more info
2848 Irving Avenue S
$ 979,000
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Share Save

2848 Irving Avenue S

Minneapolis, MN, 55408
$ 979,000
Bedrooms-- Baths-- Sq 6,800

Monthly Estimate*

$ 5,863

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Commercial Property for sale in Minneapolis, MN

for $979,000. This 6,800 square foot building was built in 1910 on a lot size of 0.15.

Location is King on this building. 1 block to Greenway, Lakes, Bus Station, Lunds and Dining. Quiet building on an easy to park 1 way street. 4 1150 sq ft identical units with original woodwork and leaded glass. Top unit is 1550 sq ft with own roof top deck - great for an owner occupied situation. Units are never vacant and always have multiple applications when they come available. This building has had a ton of work completed. It has been completely upgraded. 2005-2008 period. Back 2/3 of roof was flat. It was removed and rebuilt adding space to the 3rd floor. All 5 bathrooms replaced. Water upgraded to copper. Electric updated with new wiring, breakers, and meter for each unit. NO knob and tube. Brick work on outside completely replaced. The 3rd floor deck completely replaced (new flat roof on that 2018). 2020-2023 - 80% of windows replaced. All eves, trim and front columns stripped to wood and repainted. 2023 - New $30k roof. New $35k paint job on entire building.

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Commercial Active

Price

$ 979,000

Property Type

Commercial

Taxes

$ 16,107

Style

Apartment,Low Rise

Lot Size

0.15

Year Built

1910

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6600433
Features
General
Sewer City Sewer/Connected
Heating Boiler
Cooling Window Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Roof Age 8 Years or Less Asphalt Rubber
Appliances Dishwasher Range Refrigerator
Garage Spaces 0
Construction Materials Stucco
Year Built 1910
Tenant Pays Cable TV Electricity
Topography Level
Levels Three Or More
Property Subtype Apartment Low Rise
Tax Year 2024
Current Use Residential
Gross Income 98700
Accessibility No Stairs External
County Hennepin
Net Operating Income 61178
Operating Expense 37522
Insurance Expense 8510
Property Type Commercial Sale
Association Amenities Coin-op Laundry Leased Deck
Contingency None
Subdivision Name Russells 3rd Add
Directions 1/2 block north of Lagoon on Irving Avenue.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 5
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 16107
Electric Expense 458
Fuel Expense 4467
Trash Expense 2880
Water Sewer Expense 2982
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Deck Ethernet Wired Hardwood Floors Kitchen Window Main Floor Primary Bedroom Natural Woodwork Security Lights
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Interior
Basement Daylight/Lookout Windows 8 ft+ Pour Concrete
Basement (Y/N) Y
Ceiling Height 8-10
Fuel Natural Gas
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Exterior
Parking Features Parking Lot
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land
Lot Size Area 0.15
Building Area Total 6800
Lot Dimensions 50 x 130
Foundation Area 2640
Road Frontage Type City Street
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Internal Only
Street Number 1 2848
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* Excluded Features
List By
Homeavenue Inc

Broker

HomeAvenue3@gmail.com

Email

Affordability Calculator

$7,206
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,863
Monthly Property Taxes
$1,342
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
9/11/2024$979,000 Listed Price

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2848 Irving Avenue S, Minneapolis, MN, 55408 is a Commercial Property for sale at $979,000 with 6,800 sqft and a lot size of 0.15. 2848 Irving Avenue S was built in 1910. The property's zip code is 55408 which is in Minneapolis, MN

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