UPDATED:
07/29/2024 03:31 PM
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
Contingent None
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 150x68
Property Description
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 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.
Loan assumption on a low interest rate loan of about one million is available.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Finished, Full
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Fixture/Equipment, Other
Fireplace No
Appliance Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Exterior
Garage Carport, Covered, Concrete, Paved, More Parking Offsite for Fee
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
View City Lights
Present Use Residential
Parking Type Carport, Covered, Concrete, Paved, More Parking Offsite for Fee
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
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Minneapolis
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