620 23rd Avenue N Minneapolis, MN $ 194,900
620 23rd Avenue N
$ 194,900
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620 23rd Avenue N

Minneapolis, MN, 55411
$ 194,900
Bedrooms-- Baths-- Sq 5,202

Monthly Estimate*

$ 1,346

620 23rd Avenue N, Minneapolis, MN 55411 - Image 1
620 23rd Avenue N, Minneapolis, MN 55411 - Image 2
620 23rd Avenue N, Minneapolis, MN 55411 - Image 3
620 23rd Avenue N, Minneapolis, MN 55411 - Image 4
620 23rd Avenue N, Minneapolis, MN 55411 - Image 5
620 23rd Avenue N, Minneapolis, MN 55411 - Image 6
620 23rd Avenue N, Minneapolis, MN 55411 - Image 7

Commercial Property for sale in Minneapolis, MN

for $194,900. This 5,202 square foot building was built in 1964 on a lot size of 0.25.

ALL OFFERS DUE 9/24 EOD. Excellent opportunity to acquire a 6-unit multifamily property in a convenient and established location. The building features 1 one-bedroom unit and 5 two-bedroom units, offering an attractive unit mix for investors seeking strong rental income potential. SOLD AS IS and rehab ready, providing an opportunity for an investor or owner-operator to renovate and reposition the property to maximize its income potential. Property Highlights: Street parking directly in front of the building, with an add'l parking lot located behind the building. Located just 1 block from Lyndale Avenue/busline/walkability. Approximately 3 blocks from Fairview Park Convenient access to nearby neighborhood amenities, transportation, shopping, and services. 48 hour notice for showing. Property Management Representative will provide access 10am-3pm. Monday - Friday

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Commercial Pending

Price

$ 194,900

Property Type

Commercial

Taxes

$ 3,041

Style

Lot Size

0.25

Year Built

1964

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7143353

Features
General
Sewer City Sewer/Connected
Heating Baseboard
Utilities Heating Common Heating Separate
Garage Spaces 0
Year Built 1964
Tenant Pays Electricity
Tax Year 2026
Current Use Residential
Gross Income 0
Accessibility None
County Hennepin
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 0
Subdivision Name Cobbs Add To North
Directions Hwy 94 Broadway Ave. W Lyndale Ave. N 23rd E to building
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family Residential-Single Family
Number Of Units Total 6
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3041
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
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Exterior
Fencing Full
Parking Features Off Site Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.25
Building Area Total 5202
Lot Dimensions 68x161
Waterfront Y/N N
Foundation Area 1776
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Foundation Dimensions 48x61
Fuel Natural Gas
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Internal Only
Street Number 1 620
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* Excluded Features
List By
Banneker Realty, Llc

Broker

minoleon@hotmail.com

Email

Affordability Calculator

$1,600
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,346
Monthly Property Taxes
$253
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
9/12/2026$184,900 Listed Price

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620 23rd Avenue N, Minneapolis, MN, 55411 is a Commercial Property for sale at $194,900 with 5,202 sqft and a lot size of 0.25. 620 23rd Avenue N was built in 1964. The property's zip code is 55411 which is in Minneapolis, MN