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2413 1st Avenue S
Minneapolis MN 55404 US

$1,999,900

Active Listing ID 7045824
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18 bed
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Lot: 0.14 Acres
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Other

$1,999,900

Active Listing ID 7045824
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2413 1st Avenue S This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15, 000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15, 500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Fiber Board, Stucco
  • Floor Covering: Carpet, Tile, Vinyl
  • Roof Type: Asphalt, Shingle
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1999900
  • unparsedaddress: 2413 1st Avenue S
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55404
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.14
  • lotsizeunits: Acres
  • lotsizearea: 0.14
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.958665
  • longitude: -93.276198
  • listagentfullname: Eric Ollestad
  • listagentemail: eric@valuehomesmn.com
  • listagentkey: 3yd-RMLSMN-502041848
  • listagentmlsid: 502041848
  • listagentpreferredphone: 7637464900
  • listagentofficephone: 7637464900
  • listofficekey: 3yd-RMLSMN-1865
  • listofficemlsid: 1865
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 2022
  • listingcontractdate: 2026-03-31
  • listagenturl: http://classicrealty.yourkwoffice.com
  • countyorparish: Hennepin
  • parcelnumber: 3402924130009
  • appliances: Cooktop, Dishwasher, Dryer, Freezer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
  • cooling: Central Air
  • flooring: Carpet, Tile, Vinyl
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Fiber Board, Stucco
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -93.2762, 44.958664
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Classic Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"frontdesk358@kw.com", "ListBrokerageCity":"Coon Rapids", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw358@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/c5ababc3205d088d01205e10ce1a00bc/20170113162229493.png", "ListBrokerageName":"Keller Williams Classic Realty", "ListBrokeragePhone":"763-746-4900", "ListBrokeragePostalCode":"55448", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"1740 116th Avenue NW", "ListBrokerageWebsiteUrl":"http://classicrealty.yourkwoffice.com", "ListOfficeAddress1":"1740 116th Avenue NW", "ListOfficeAddress2":"Suite 100", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Coon Rapids", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw358@kw.com", "ListOfficePostalCode":"55448", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Minneapolis, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/7045824/?channel=rexren", "MLSModificationTimestamp":"2026-03-31T12:13:33Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":22723, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/2/2026 3:02:44 AM GMT
Source Updated Date: 4/4/2026 7:09:28 AM GMT

Courtesy of: Eric Ollestad, Keller Williams Classic Realty, eric@valuehomesmn.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.