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Luke Chase

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

$1,100,000

Est. payment - /mo

14 Beds

9 Baths

0.29 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Saint Anthony Falls

MLS Listing ID 7127269

Bedrooms 14

Year Built 2000

Annual Tax Amount $22,011

Tax Year 2026

Contingent None

Lot Size 0.290 Acres

Lot Dimensions 76x165

Property Description

Seller is open to creative financing options, including financing some or all of the buyer's down payment. Flexible terms and structures will be considered for a qualified buyer.
All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units.
New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs.
Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original
condition, providing a clear path to increased cash flow and value.
Buyer and Buyer's Agent to verify square footage.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile

Inclusions Building, Fixture/Equipment, Inventory, Leases, Other, Rental License

Fireplace No

Appliance Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances

Exterior

Parking Features Off Site, Paved Lot

Fence Chain Link

Utilities Available Electric Separate

Roof Type Age Over 8 Years,Asphalt

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks)

Story Two

Foundation 1

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Concrete,Frame

New Construction false

Schools

School District Minneapolis

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Listed by Adam Hunt • Fuze Real Estate

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Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

612 University AVE SE Minneapolis, MN 55414

Luke Chase

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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NEARBY SCHOOL & BUSINESS

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612 University AVE SE

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