26
See all 26 photos
$1,895,000
Est. payment /mo
9,583 Sqft Lot
Active
1115 14th AVE SE Minneapolis, MN 55414
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Elwells 2Nd Add
MLS Listing ID 6696313
Year Built 1970
Annual Tax Amount $25,131
Tax Year 2024
Contingent None
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 72x132
Property Description
Prime Investment Opportunity: 16-Unit Multifamily Building in the Heart of SE Minneapolis. Presenting an exceptional investment opportunity in one of Minneapolis' most sought-after neighborhoods, this well-maintained 16-unit multifamily property offers consistent rental income and significant potential for future appreciation. Located in the vibrant and highly desirable Southeast Minneapolis area, this property is ideally positioned near the University of Minnesota, making it an attractive option for student housing, professionals, and long-term renters alike. 16 remodeled rental units: A mix of 10 micro suites, 5 one bedroom units and a 2-bedroom unit, offering a variety of living options to suit diverse tenants. Just minutes from the University of Minnesota campus, major highways, downtown Minneapolis, and abundant local amenities such as restaurants, parks, and shops. Steady income potential: Current rent roll offers strong cash flow with opportunities for rent increases and value-add improvements. Strong rental demand: The property's proximity to educational institutions and thriving local businesses ensures a steady stream of tenants.Updated systems and maintenance: Recent updates to key building systems including plumbing, electrical, and new Boiler in 2025, ensuring long-term durability and minimizing immediate capital expenditures. 11 Off-street parking spots: Convenient parking for tenants. Well-maintained common areas: The building is in great condition with a clean, secure environment for residents. Strong rental market: The Southeast Minneapolis rental market continues to thrive, making this an ideal property for both seasoned investors and those looking to enter the market. Rents have increased with room for growth. This property represents a rare chance to own a multi-family asset in one of Minneapolis' most dynamic and growing neighborhoods. Whether you're a seasoned investor or new to the market, the 16-unit building at 1115 14th Ave SE offers a compelling mix of location, opportunity, and solid return potential. Don't miss out on this outstanding opportunity.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s)
Inclusions Fixture/Equipment, Leases
Fireplace No
Appliance Cooktop, Range, Refrigerator
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less
Present Use Residential
Building
Story Three Or More
Foundation 2814
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Fiber Cement
Schools
School District Minneapolis
Listed by Martin Morgan • Morgan And Trust Realty
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