1701 Elm Street SE, Minneapolis, MN
$ 8,000,000
Property Attributes
  • ID#6401816
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaMcmillans Sub Blks Rollins Add
  • NeighborhoodMcmillans Sub Blks Rollins Add
  • Zip55414
  • StyleApartment
  • Year Built1987
  • Taxes$ 111959
  • Price$ 8,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage28658
  • Lot Size1.26 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Incredible Investment Opportunity! 7 total complexes with a total of 79 units being sold as a package deal with the following PID’s: 2402924140095, 2402924140094, 2402924140096, 2402924140105, 2402924140106, 2402924140127,2402924140128 All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Contact agent for more information regarding rent rolls and other financials. This is an investors dream! Seller is willing to sell individual buildings or as a full package.

Price History
7/13/2023 Listed $8,750,000
8/8/2023 9% - $8,000,000

General Features

Accessibility None
Additional Parcels Description 2402924140128
Additional Parcels Y/N Yes
City Minneapolis
Construction Materials Brick/Stone
Contingency None
County Hennepin
Current Use Residential
Days on Market 39
Directions Kasota Ave/Energy Park Drive (CR32) to SE Elm, left, follow to property on right.
Electric Expense 8699
Fuel Expense 21976
Gross Income 763242
Heating Hot Water
High School District Minneapolis
Insurance Expense 9013
Lender Owned No
Maintenanceexpense 58751
Net Operating Income 506235
Operating Expense 257008
Property SubType Apartment
Property Type Commercial Sale
Sewer City Sewer/Connected
Standard Status Active
Street Name Elm
Subdivision Name Mcmillans Sub Blks Rollins Add
Tax Annual Amount 111959
Tax Year 2023
Total Units 44
Trash Expense 6764
Utilities Electric Separate, Heating Common, Hot Water Common
Water Sewer Expense 19713
Year Built 1987
Zoning Description Residential-Multi-Family

Interior Features

Fuel Natural Gas
Street Suffix Street

Exterior Features

Foundation Area 6748
Inclusions Building, Rental License
Lot Dimensions 172x167
Lot Size Area 1.26
Lot Size Units Acres
Parking Features Assigned
Water Source City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55414

AVG $2.49M
AVG $33,822
AVG 153
Year Built
AVG 1966
AVG 83
Data Provided by Walkscore ® not using MLS data

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