1529 E 38th ST, Minneapolis, MN 55407 - 6583651

See all 56 photos

56 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$1,200,000

Est. payment - /mo

8,276 Sqft Lot

Save

UPDATED:

11/12/2024 08:07 PM

Key Details

Property Type Condo, Commercial

Sub Type Apartment,Low Rise

Listing Status Pending

Purchase Type For Sale

Subdivision Monroe Bros Sub Of Lts Herrick Haml

MLS Listing ID 6583651

Year Built 1959

Annual Tax Amount $15,916

Tax Year 2024

Contingent None

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 92x92x92x92

Property Description

Great cash flowing investment opportunity for sale in Minneapolis! This 11 unit apartment building has 1-bedroom and 1-bathroom in each unit. This building has been very well maintained and has over $200k in recent capital improvements! Each unit has been updated along with all the common areas. Recent building improvements include a concrete surface parking lot, high efficiency boiler and zone valves, roof, gutters, soffits, downspouts, windows, and separately metered electrical. Conveniently located close to restaurants, highways, public transportation, shopping, parks and more. Don?t miss this opportunity to own a quality multifamily property!

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Boiler

Cooling Wall Unit(s)

Inclusions Building, Fixture/Equipment, Land, Leases

Fireplace No

Appliance Cooktop, Range, Refrigerator, Wall Oven

Exterior

Garage Concrete, Other

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less

Present Use Commercial,Residential

Parking Type Concrete, Other

Building

Lot Description Public Transit (w/in 6 blks)

Story Three Or More

Foundation 2624

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District Minneapolis

Read Less Info

Listed by Amber Lange • Keller Williams Classic Rlty NW

Get More Information

Jamie Albertsen

+1(507) 581-7094