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1704 Jefferson 1704 Jefferson St NE 7 Unit Apartment Building $1,198,000 ($171,143/Unit) Minneapolis, MN 55413
Executive Summary
This unique property features a 6-plex with five 2-bed, 1-bath units and one 1-bed, 1-bath unit, alongside a beautifully remodeled 4-bed, 2-bath single-family home. All units are fully leased, ensuring immediate rental income. Located in the highly desirable arts district, with in-unit laundry in each unit, this property offers a convenient lifestyle for tenants and strong potential for future rent increases. Don’t miss this rare opportunity to own a prime piece of Northeast Minneapolis! Contact Andrew for more information or to schedule a showing.
Property Facts
| Price | $1,198,000 | Building Class | C |
| Price Per Unit | $171,143 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,900 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | Residential-Multi-Family | ||
| Price | $1,198,000 |
| Price Per Unit | $171,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | Residential-Multi-Family |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Dining Room
- Family Room
- Freezer
- Island Kitchen
- Lawn
- Mud Room
- Office
- Smoke Free
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | $1,415 | - |
| 1+1 | 6 | $1,250 | - |
| 4+2 | 7 | $2,957 | - |
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Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 14-029-24-12-0063 | Improvements Assessment | $636,500 |
| Land Assessment | $123,500 | Total Assessment | $760,000 |
Property Taxes
Parcel Number
14-029-24-12-0063
Land Assessment
$123,500
Improvements Assessment
$636,500
Total Assessment
$760,000
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Presented by
Jason Mitchell Group
1704 Jefferson | 1704 Jefferson St NE
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