1802 11th AVE S Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55404
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision J S & W Elliots Add
MLS Listing ID 6428729
Year Built 1902
Annual Tax Amount $18,217
Tax Year 2023
Lot Size 10,018 Sqft
Property Description
THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The current leases are month to month.
POSSIBLE ASSUMPTION OF ABOUT $1,000,000 AT 3.5% ! The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building,Fixture/Equipment,Other
Exterior
Garage Carport,Covered,Concrete,Paved,More Parking Offsite for Fee
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
View City Lights
Building
Lot Description Public Transit (w/in 6 blks),Corner Lot,Tree Coverage - Medium
Story Two
Foundation 2947
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis