1115 14th AVE SE, Minneapolis, MN 55414 – 6696313 - Luke Chase

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Luke Chase

luke@ts-re.com +1(612) 418-9979

$1,895,000

Est. payment - /mo

9,583 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Elwells 2Nd Add

MLS Listing ID 6696313

Year Built 1970

Annual Tax Amount $25,131

Tax Year 2024

Contingent None

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 72x132

Property Description

Prime Investment Opportunity: 16-Unit Multifamily Building in the Heart of SE Minneapolis. Presenting an exceptional investment opportunity in one of Minneapolis' most sought-after neighborhoods, this well-maintained 16-unit multifamily property offers consistent rental income and significant potential for future appreciation. Located in the vibrant and highly desirable Southeast Minneapolis area, this property is ideally positioned near the University of Minnesota, making it an attractive option for student housing, professionals, and long-term renters alike. 16 remodeled rental units: A mix of 10 micro suites, 5 one bedroom units and a 2-bedroom unit, offering a variety of living options to suit diverse tenants. Just minutes from the University of Minnesota campus, major highways, downtown Minneapolis, and abundant local amenities such as restaurants, parks, and shops. Steady income potential: Current rent roll offers strong cash flow with opportunities for rent increases and value-add improvements. Strong rental demand: The property's proximity to educational institutions and thriving local businesses ensures a steady stream of tenants.Updated systems and maintenance: Recent updates to key building systems including plumbing, electrical, and new Boiler in 2025, ensuring long-term durability and minimizing immediate capital expenditures. 11 Off-street parking spots: Convenient parking for tenants. Well-maintained common areas: The building is in great condition with a clean, secure environment for residents. Strong rental market: The Southeast Minneapolis rental market continues to thrive, making this an ideal property for both seasoned investors and those looking to enter the market. Rents have increased with room for growth. This property represents a rare chance to own a multi-family asset in one of Minneapolis' most dynamic and growing neighborhoods. Whether you're a seasoned investor or new to the market, the 16-unit building at 1115 14th Ave SE offers a compelling mix of location, opportunity, and solid return potential. Don't miss out on this outstanding opportunity.

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Boiler

Cooling Wall Unit(s)

Inclusions Fixture/Equipment, Leases

Fireplace No

Appliance Cooktop, Range, Refrigerator

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less

Present Use Residential

Building

Story Three Or More

Foundation 2814

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Fiber Cement

Schools

School District Minneapolis

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Listed by Martin Morgan • Morgan And Trust Realty

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1115 14th AVE SE Minneapolis, MN 55414