Minneapolis, MN 55408 2637 Pleasant Avenue
$2,520,000
39 more
Presented By: Apartment Cash Flow, Inc.
SQFT • 20,700
Home Details
Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.
Presented By: Apartment Cash Flow, Inc.
Interior Features for 2637 Pleasant Avenue
Other Interior Features
BasementBlock, Egress Window(s), Finished, Full, Storage/Locker
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas
General for 2637 Pleasant Avenue
AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitKitchen Center Island, Tile Floors
AppliancesRange, Refrigerator
CityMinneapolis
Construction MaterialsBrick, Frame
ContingencyNone
CoolingWall Unit(s)
CountyHennepin
Current UseResidential
DirectionsWhittier Neighborhood / on lake go to Pleasant and go north to property.
Electric Expense3240
Fuel Expense6712
Garage Spaces
Gross Income265906
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Insurance Expense8500
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense6300
Net Operating Income187179
New ConstructionNo
Number Of Units Total21
Operating Expense78726
OwnerPaysFuel, Grounds Care, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Pool FeaturesNone
Possible UseIncome
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat, Tar/Gravel
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJ T Blaisdells Rev Add
Tax Annual Amount34094
Tax Year2026
Tenant PaysBroadband, Electricity
TopographyLevel
Trash Expense2730
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense11000
Year Built1966
Zoning DescriptionResidential-Multi-Family
Exterior for 2637 Pleasant Avenue
Building Area Total20700
FencingPartial
Foundation Area6900
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions85 x 165
Lot FeaturesTree Coverage - Light
Lot Size Area0.32
Parking FeaturesPaved Lot
Road Frontage TypeCity Street, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent