USAMNMinneapolisThe Neighborhood Blk2110 1St Ave S
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$699,900

For Sale

3 hours ago

2110 1St Ave S, Minneapolis, MN

House

MLS® 7085297

0 Bed

0 Bath

--

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage Yes
Taxes $16,040
Days Active 0
Lot Size 
Approx. Age 1913
MLS® Number 7085297

Property Address: 2110 1st Ave S, Minneapolis, MN, 55404-2536

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

Description

Beautiful Grand Victorian boarding house with active rental license. 18 single rooms which include an owner's suite with 2 bedrooms. Currently there are only 5 units rented at $500 per month. Market rate should be closer to $600 per room on average. 17 rooms are allowed to be rented although the current license has approval for 16. There is an opportunity to generate $10, 200 per month at market rent. There is a steady demand for units and the property is being underutilized. Owners' suite is spacious and has a full kitchen and private bathroom. Poosible for an ADU in the basement and above the garage. Many bathrooms have been capped. There is currently one bathroom per floor that is operational. There are a total of 13 bathrooms. Large parking lot can accomodate up to 15 cars. There is a spacious 3 car garage on site and additional carriage house. New roof installed in 2021. Exterior painted in 2021. The property is priced well below assessed value of $937, 000 setting you up for a large reduction in property taxes! This a perfect opportunity for a live in handyman to repair and remodel the property and have the mortgage covered. Lots of unqiue opportunities for investors or other organizations to cash flow this iconic property!
MLS® Number7085297
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1913
Basement
DrivewayDetached Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 2, 2026List Date
$699,900List Price
  • Commute

Commute

Starting Address
Destination Address
2110 1St Ave S, Minneapolis, MN

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