USAMNMinneapolisNicollet Heights6141 Nicollet Ave S
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6141 Nicollet Ave S, Minneapolis, MN

House

Sold

Listed price in listed location currency (USD).
$1,557,500
$1,650,000

23110

MLS® 6811146

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $23,066
Lot Size 
Approx. Age 1960
MLS® Number 6811146

Property Address: 6141 Nicollet Ave S, Minneapolis, MN, 55419

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number6811146
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
BasementFinished, Full
DrivewayPaved Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Feb 3, 2026End Date
$1,557,500Sold Price

Sold

Oct 30, 2025List Date
$1,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
6141 Nicollet Ave S, Minneapolis, MN

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