Minneapolis, MN 55404 1802 11th Avenue S
$1,900,000
11 more
Presented By: Bridge Realty, LLC
SQFT • 8,000
Home Details
THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
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. CONTRACT FOR DEED TERMS AVAILABLE!
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.
Presented By: Bridge Realty, LLC
Interior Features for 1802 11th Avenue S
Other Interior Features
BasementFinished, Full
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas
General for 1802 11th Avenue S
AccessibilityPartially Wheelchair
Additional Parcels Y/NNo
Amenities UnitCity View, Ethernet Wired, In-Ground Sprinkler
AppliancesDishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Association AmenitiesCommon Garden, Patio, Security
Carport Spaces
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseResidential
DirectionsNear US Bank Stadium, the first building over the 11th Ave Bridge.
Electric Expense4800
Fuel Expense1800
Garage Spaces
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense10500
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsSquare Feet
Number Of Units Total6
OwnerPaysInsurance, Grounds Care, Repairs, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJ S & W Elliots Add
Tax Annual Amount19003
Tax Year2024
Tenant PaysCable TV, Electricity, Fuel
TopographyLevel
Trash Expense2160
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
ViewCity Lights
Water Sewer Expense3600
Year Built1902
Zoning DescriptionResidential-Multi-Family
Exterior for 1802 11th Avenue S
Building Area Total8000
Foundation Area2947
InclusionsBuilding, Fixture/Equipment, Other
Lot Dimensions150x68
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot, Many Trees
Lot Size Area0.23
Parking FeaturesCarport, Covered, Concrete, Paved, More Parking Offsite for Fee
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent