Minneapolis, MN 55419,6141 Nicollet AVE S
Minneapolis, MN 55419,6141 Nicollet AVE S
Minneapolis, MN 55419,6141 Nicollet AVE S
Minneapolis, MN 55419,6141 Nicollet AVE S
Minneapolis, MN 55419,6141 Nicollet AVE S
Minneapolis, MN 55419,6141 Nicollet AVE S
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Cynthia Froid

Cynthia Froid

+1(612) 578-1303
$ 1,650,000
Est. payment | /mo

0.29 Acres Lot

Save
$ 1,650,000
Est. payment | /mo
Save

0.29 Acres Lot

Key Details

Property Type Condo, Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Nicollet Heights

MLS Listing ID 6811146

Year Built 1960

Annual Tax Amount $23,066

Tax Year 2025

Contingent None

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions 80 x100

Property Sub-Type Apartment

Property Description

THE NICOLLET AVE APARTMENTS OFFERS INVESTORS A HIGHER RETURN FOR THEIR MONEY THEN MOST DEALS ON THE MARKET TODAY!! THE OWNER HAS CAREFULLY RENOVATED EVERY UNIT WITH NEWER KITCHENS, NEWER BATHROOMS, ALL NEW LIGHTING AND PLUMBING FIXTURES, NEW CARPET, REFINISHED ORIGINAL OAK HARDWOOD FLOORING, AND NEW TILE AND QUARTZ COUNTERTOPS!! EACH KITCHEN HAS ALSO RECEIVED A COMPLETE STAINLESS-STEEL APPLIANCE PACKAGE THAT INCLUDES FULL-SIZE DISHWASHERS. THE LAUNDRY MACHINES ARE LEASED THROUGH BDS ON A REVENUE SHARED PROGRAM AND OFFERS RESIDENTS AN ELECTRONIC PAYMENT SYSTEM. THE OWNER HAS ALSO INCREASED REVENUE SIGNIFICANTLY BY IMPLEMENTING A UTILITY REIMBURSEMENT PROGRAM THROUGH RUBS. THIS ASSET WILL CHANGE HANDS FULLY RENTED AND STABILIZED WITH MARKET RENTS AND LEASES RUNNING THROUGH SPRING/SUMMER OF 2026. THE CURRENT IN PLACE CAP RATE OF 8.9% IS BASED ON A NET OPERATING INCOME $146,772.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Finished, Full

Interior

Heating Boiler

Cooling Window Unit(s)

Inclusions Building, Business, Land, Leases, Rental License

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Exterior

Parking Features Paved

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat

Present Use Residential

Building

Lot Description Corner Lot

Story Three Or More

Foundation 4000

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District Minneapolis

Listed by Nathan Opatz • Apartment Cash Flow, Inc.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Lake Harriet Community School - Upper Campus

    Public | 4 - 8

  • 9

    Seven Hills Classical Academy

    Public | KG - 5

  • 7

    Burroughs Community

    Public | KG - 5

  • 7

    Kenny Community School

    Public | KG - 5

  • 7

    Field Community School

    Public | 5 - 8

  • 7

    Hale Community School

    Public | KG - 4

  • 6

    Armatage Elementary School

    Public | PK - 5

  • 5

    Sheridan Hills Elementary

    Public | KG - 5

  • 5

    Barton Open Elementary School

    Public | KG - 8

  • 5

    Adelante College Preparatory Academy

    Public | 5 - 8

  • 5

    Windom School

    Public | PK - 5

  • 5

    Southside Family Charter School

    Public | KG - 8

  • 3

    Washburn Elementary

    Public | KG - 5

  • 3

    Richfield STEM School

    Public | KG - 5

  • 3

    Richfield Dual Language School

    Public | KG - 5

  • 3

    Centennial Elementary

    Public | KG - 5

  • 3

    Friendship Acdmy of Fine Arts Charter

    Public | KG - 6

  • 1

    Stonebridge Community School

    Public | KG - 8

  • 1

    Partnership Academy, Inc.

    Public | KG - 7

  • 1

    Bancroft Elementary School

    Public | PK - 5

Middle Schools 6
  • 6

    Anthony Middle School

    Public | 6 - 8

  • 6

    Ramsey Middle School

    Public | 6 - 8

  • 4

    Richfield Middle School

    Public | 6 - 8

  • 0

    Intersect

    Public | 6 - 12

  • 0

    Area Learning Center Richfield - Success at 15

    Public | 7 - 12

  • 0

    Beacon Preparatory School

    Public | 6 - 10

High Schools 11
  • 5

    Southwest High School

    Public | 9 - 12

  • 5

    Washburn High School

    Public | 9 - 12

  • 3

    Watershed High School

    Public | 9 - 12

  • 2

    Richfield High School

    Public | 9 - 12

  • 1

    Sabathani Campus

    Public | 9 - 12

  • 1

    El Colegio Charter School

    Public | 9 - 12

  • 0

    Secondary Special Education

    Public | 12 - 12

  • 0

    Seca - Intermediate School

    Public | 9 - 12

  • 0

    Area Learning Center Richfield High School-Intermediate School

    Public | 9 - 12

  • 0

    Richfield Career Education Program

    Public | 9 - 12

  • 0

    Academy of Holy Angels

    Private | 9 - 12

School and business data provided by Attom Data.
Cynthia Froid

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 578-1303

cindy@cynthiafroid.com

709 2nd Street South, Minneapolis, Minnesota, 55401, United States

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6141 Nicollet AVE S