6 Beds
8 Baths
7,405 Sqft Lot
6 Beds
8 Baths
7,405 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Williams Add
MLS Listing ID 7049047
Bedrooms 6
Year Built 1971
Annual Tax Amount $2,329
Tax Year 2026
Contingent None
Lot Size 7,405 Sqft
Lot Dimensions 60 x 123
Property Description
This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow — an attractive feature for investors seeking reliable returns.
Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy.
Additional upside potential exists through continued rent optimization and operational efficiencies.
Also available is the adjacent lot at 3037 15th Ave S, offering potential for future development, expanded amenities, or added income (buyer to verify).
Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.
Consider purchasing the vacant lot that is available next door.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Boiler, Hot Water, Radiator
Cooling Wall Unit(s)
Flooring Carpet, Luxury Vinyl Plank
Inclusions Building, Land, Leases
Fireplace No
Appliance Gas Water Heater, Range, Refrigerator
Exterior
Parking Features Concrete
Fence Chain Link
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Flat,Rubber
Present Use Residential
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 2384
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Minneapolis
Schools and Properties Nearby
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