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For Sale:  Minneapolis MLS# 7144651

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Active
$1,100,000
/mo Edit
Commercial:  1 Story
Built 1961
0.44 acres
Minneapolis schools
MLS# 7144651
763-576-8286
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    Property Description

    18th Avenue Apartments consists of two separately parceled multifamily properties located at 338 and 344-346 18th Avenue NE in the Holland neighborhood of Northeast Minneapolis. The property at 338 18th Avenue NE includes an eight-unit apartment building situated on a 0.32-acre parcel. The unit mix consists of one studio and seven one-bedroom residences. Every residence features new LVT or tile flooring, while a majority also include granite countertops, subway tile backsplashes, and dishwashers. The neighboring property at 344-346 18th Avenue NE includes a duplex situated on a separate 0.12-acre parcel. The duplex contains two two-bedroom residences, bringing the combined property to 10 units across 0.44 acres. The properties also provide 12 off-street parking spaces, including eight surface spaces and four garage stalls. Both buildings were constructed in 1961 and are located a few blocks from Bottineau Field Park and Recreation Center, which includes a baseball diamond, soccer fields, an indoor gym, and additional recreational facilities.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,100,000
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1961
    State: MN
    Property Style: 1 Story
    Zip Code: 55418
    Neighborhood/Area: 33
    Subdivision Name: Cobbs Add To St Anthony

    Exterior

    Stories: One
    Garage Spaces: 4
    Foundation Size: 3,961 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Detached Garage
    • Parking Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.44
    Geolocation: 45.005996, -93.2625
    Inclusions: Building
    Lot Dimensions: 71.00 X 201.00 & 40.00 X 130.00
    Addl Parcels: 1102924340145
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $23,015
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $23,015

    Income

    Annual Gross Income: $146,288

    Rent

    Annual Net Income: $73,430

    Units

    Total Units: 10

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Marcus & Millichap.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.