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(612) 840-1224
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Michael Hunstad - Managing Broker
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(612) 840-1224

2413 1st Avenue S, Minneapolis, MN 55404

$1,950,000
SQUARE FEET 7,530
MLS# 7112277
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Michael Hunstad - Managing Broker

Michael Hunstad - Managing Broker
Call: (612) 840-1224

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Belleview Add
SCHOOL: Minneapolis
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Property Description

This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!

2413 1st Avenue S | MLS# 7112277

This commercial property located at 2413 1st Avenue S, Minneapolis, MN 55404 is currently listed for sale with an asking price of $1,950,000. 1st Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyhunstad.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Central Air
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.14 Acres
Roof Type: Age 8 Years or Less, Asphalt
Stories: 3.0
Taxes: $22,805
Year Built: 2022

Feature Descriptions

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Basement: Drain Tiled, Drainage System, Egress Window(s), Finished, Tile Shower
Current Use: Residential
Days on Site: 19
Foundation Size: 2030
Lot Dimensions: 47 x 125
Owners Expense: Insurance, Repairs, Taxes
Parcel#: 3402924130009
Parking: Driveway - Other Surface
Sale Includes: Building
Sewer: City Sewer/Connected
Tenant Expenses: All Utilities, Lawn Care, Sewer, Snow Removal, Trash Collection, Water
Units: 6
Utilities: Electric Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Value Homes Realty Group LLC
Agency Phone: 612-913-9500

Shown By

Agent Name: Michael Hunstad - Managing Broker
Agent Phone: (612) 840-1224
Agency Title: Counselor Realty

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Michael Hunstad - Managing Broker
Michael Hunstad - Managing Broker Office: (763) 231-5006 Cell: (612) 840-1224 Fax: (763) 427-8623 Email Me


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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

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