Minneapolis, MN 55404 2221 15th Avenue S
$525,000
9 more
Presented By: RE/MAX Results
SQFT • 6,206
Garage • 4
Home Details
Unique opportunity to own nearly 1/4 city block in MPLS! Mixed-use building - currently 2 units on main floor rented by the same long term tenant $2400/month - steady & reliable income. They would prefer to stay. 2 Residential apartments above - 1BR apartment on north side is month to month - $750 (under market). Very large & unique studio apartment is owner occupied with 12 foot ceilings & large roof top deck shared with the other one bedroom apartment. Large unfinished space in the basement could be added as FSF to the commercial space or be turned into another unit. 4 car+ garage is currently used by the owners, but has been rented to neighbors/tenants in the past for additional income. Close date is flexible.
Presented By: RE/MAX Results
Interior Features for 2221 15th Avenue S
Other Interior Features
BasementFull
Basement (Y/N)Yes
FuelNatural Gas
General for 2221 15th Avenue S
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseCommercial, Residential
DirectionsBloomington Ave to 23th St, west to 15th Ave S. Property is on the corner.
Garage Spaces4
Gross Income52200
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense6300
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
Net Operating Income41682
NumberOfUnitsTotal4
OwnerPaysInsurance, Grounds Care, Repairs, Taxes
Possible UseOffice, Professional Service, Diversified, Investment
PostalCityMinneapolis
Property SubtypeMixed Use, Business
Property TypeCommercial Sale
RoofFlat, Pitched, Tar/Gravel
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameEliots Add
Tax Annual Amount6688
Tax Year2023
Tenant PaysElectricity, Gas
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Water Sewer Expense1200
Year Built1911
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family
Exterior for 2221 15th Avenue S
Building Area Total6206
Foundation Area3103
InclusionsBuilding, Land, Leases
Lot Dimensions56x134
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot
Lot Size Area0.17
Parking FeaturesDetached, Concrete, Other
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
Niki Fairbanks
Realtor® MN and WI