$415,000

2922 18th Avenue SMinneapolis, MN 55407

Type: Multi-Family

3 Units

Description

Great investment opportunity! Discover the potential of this versatile triplex, located in the heart of South Minneapolis. This property offers a unique blend of commercial and residential zoning, opening a wealth of possibilities for your investment portfolio. Upper unit offers 2 bedrooms, 1 bath, & an in-unit laundry, enhancing tenant convenience. The main level features a spacious 3-bedroom, 1-bath. The basement studio includes a large bathroom, perfect for maximizing rental potential. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. Whether you’re looking to capitalize on rental income or explore commercial ventures, this property offers the flexibility and prime location to thrive.

MLS ID: 6540818

Directions: MN-55 E/Hiawatha Ave, right onto E 26th St, left onto Cedar Ave S, right onto E 29th St, onto 18th Ave S

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Property Details

Essential Details

MLS #: 6540818

Listing courtesy of: Realty Group LLC

Price: $415,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Total Units: 3

Annual Gross Income: $37,200

Operating Expense: $5,400

Annual Gross Expense: $5,400

Annual Insurance Expense: $2,010

Annual Other Expense: $500

Annual Annual Expense: $250

Annual Water/Sewer Expense: $2,640

Garage SqFt: 308

Garage Spaces: 1

Building Details

Owner Occupied: No

Finished SqFt Total: 2,440

Finished Above Grade: 1,480

Finished Below Grade: 960

Fireplace: No

Construction Materials: Aluminum Siding, Block

AccessibilityFeatures: None

Heating: Forced Air

Style: Triplex

Foundation Area: 960

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Lot Details

Complex/Dev/Sub Name: Laymans 4th Add

Lot Dimensions: 123x43

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 35

Survey Township: 29

Taxes

Tax Year: 2024

Tax Amount: $5,231

Assessment Pending: No

Taxes w/Assessments: $5,231

This listing was last updated by Realty Group LLC on 8/30/2024 at 4:59 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 10:25 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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