1701 Elm Street SE

Minneapolis, MN 55414 View Map $6,900,900 Schedule a Tour
Acres1.26
Year1987
Brandon Hedges & Matt Barker

Brandon Hedges & Matt Barker

(612) 730-6717

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Status: Active
Property Type:Apartment
MLS #:6470543
On Site:120 Days
Lot Size:1.26 Acres
County:Hennepin
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. Phase I completed without any issues. Additional investment opportunities available.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/14/2024$8,000,000$6,900,900-13.7%

Community Information

Address:1701 Elm Street SE, Minneapolis, MN 55414
County:Hennepin
School District:Minneapolis
Zip Code:55414
Neighborhood:Como

Features / Amenities

Heating: Hot Water
Fuel: Natural Gas

Property Features

Lot Size: 1.26 Acres
Lot Dimensions:172x167
Utilities: Electric Separate, Heating Common, Hot Water Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning:Residential-Multi-Family
Directions:Kasota Ave/Energy Park Drive (CR32) to SE Elm, left, follow to property on right.

Tax and Financial Info

Sale Includes: Building, Rental License
Tax Year: 2023
Tax Annual Amount: $111,959
Water / Sewer Expense: $19,713
Maintenance Expense: $58,751
Fuel Expense: $21,976
Electric Expense: $8,699
Insurance Expense: $9,013
Trash Expense: $6,764
Gross Income: $763,242
Net Income: $506,235

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1701 Elm Street SE Minneapolis,  MN 55414
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1701 Elm Street SE Minneapolis, MN 55414
 
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Listing Information Last Updated 4/17/2024
Listing provided courtesy of RE/MAX Professionals.
© Copyright 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.