$455,000
$499,900
9.0%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 05/15/2025
Key Details
Sold Price $455,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Eliots Add
MLS Listing ID 6653574
Sold Date 05/15/25
Year Built 1911
Annual Tax Amount $6,688
Tax Year 2024
Contingent None
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 56x134
Property Description
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 $2500/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 - could easily rent for $1250-1500 & could be a 2-3 BR with some additional framing. 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.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached, Concrete, Other
Garage Spaces 4.0
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Flat,Pitched,Tar/Gravel
Present Use Commercial,Residential
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot
Story Two
Foundation 3103
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Minneapolis
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709 2nd Street South, Minneapolis, Minnesota, 55401, United States