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NE Mixed-Use Development 1844 Central Ave NE 12 Unit Apartment Building $3,500,000 ($291,667/Unit) Minneapolis, MN 55418

Apartment Buildings Minnesota Minneapolis 1844 Central Ave NE, Minneapolis, MN 55418

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Investment Highlights

  • High-Traffic Corridor
  • Storefront
  • Development Opportunity

Executive Summary

18 Unit Building
12 Residential Units - 6 Commercial Units - 1 Large warehouse space
Located on a main busy road in NE Minneapolis close to downtown
Very unique opportunity to develop into large 120+ unit multi family building
128 x 174 corner lot on High-Volume Arterial Road
Seller financing can be available.

Property Facts

Price $3,500,000 Apartment Style Low-Rise
Price Per Unit $291,667 Building Class C
Sale Type Investment Building Size 29,434 SF
No. Units 12 Average Occupancy 100%
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • General Retail Storefront
  • FlexLight Distribution
  • Office Office Residential
 Year Built 1897
Zoning C1 - Commercial
Price $3,500,000
Price Per Unit $291,667
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront
  • FlexLight Distribution
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Building Size 29,434 SF
Average Occupancy 100%
No. Stories 3
Year Built 1897
Zoning C1 - Commercial
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Source: Local Logic®

Property Taxes

Parcel Number 11-029-24-44-0196 Improvements Assessment $411,600
Land Assessment $358,400 Total Assessment $770,000

Property Taxes

Parcel Number
11-029-24-44-0196
Land Assessment
$358,400
Improvements Assessment
$411,600
Total Assessment
$770,000
(763) 331-4775

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 39848202

  • Date on Market: 3/20/2026

  • Last Updated:

  • Address: 1844 Central Ave NE, Minneapolis, MN 55418

The Logan Park Multifamily Property at 1844 Central Ave NE, Minneapolis, MN 55418 is currently available. Contact RE/MAX for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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NE Mixed-Use Development | 1844 Central Ave NE

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