2428 11th AVE S Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55404
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,968 sqft
Price per Sqft $100
Subdivision Cole & Weeks Rgt Brackett & Bovey
MLS Listing ID 6653687
Style (MF) Four Plex
Bedrooms 10
Year Built 1900
Annual Tax Amount $7,386
Lot Size 5,227 Sqft
Property Description
Rare opportunity to own large Italianate 4-plex on quiet street just blocks from Abbott Northwestern and Children's Hospitals! Take advantage of low down-payment loans to house hack and secure your financial future! Huge newly rehabbed 3br apt is vacant and awaiting owner occupant or your tenant, other 3 apts (3br x1, 2br x2) are stability occupied. Possibilities are endless, bring your ideas! Consider creating Airbnb's to house hospital guests, medium-term rentals for traveling nurses, or build out large unfinished attic and basement for 6-plex conversion and rent section 8 for impressive cash flow! Building very well maintained with numerous updates since 2020, including new roof, soffit and fascia, complete tuckpointing and painting of brickwork, new water heater, addition of zoning to heating system, installation of large custom front windows up and down, and cosmetic turn-over of all units. Projected gross monthly rents surpass 5.5K, conservatively. Your future awaits, don't let this one pass you by!
Location
State MN
County Hennepin
Community Cole & Weeks Rgt Brackett & Bovey
Interior
Heating Hot Water
Exterior
Roof Type Asphalt Shingles
Building
Water City Water/Connected
Others
Acceptable Financing Cash,Conventional,Other,VA
Listing Terms Cash,Conventional,Other,VA