1115 14TH AVENUE
1115 14th Avenue, Minneapolis, 55414, MN
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Price: $1,895,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Como
Bedrooms: 0
Property Size :0
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Listing Agent: NST20692,NST75359
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Property type : Commercial Sale
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Zip code: 55414
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Street: 1115 14th Avenue
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Street: 1115 14th Avenue
Bathrooms: N/A
Year: 1970
Listing Brokerage: Morgan And Trust Realty
FEATURES
- Range
- Refrigerator
- Cooktop
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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- Range
- Refrigerator
- Cooktop
EXTERIOR
Air Conditioning: Wall Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2814ft²
Unit Amenities:
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- Cable
Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 72x132
Longitude: 44.9912
Latitude: -93.2324
Zoning: Business/Commercial,Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $25,131
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7722038
Listing Brokerage: Morgan And Trust Realty
ID: 3528866
Published: April 03, 2025
Last Update: April 03, 2025
Views: 2
