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2550 Pillsbury Ave S
Minneapolis, MN 55404
Multifamily Property For Sale
·
6 Units


Executive Summary
7,830 SF Building, on .18 acre/7,352 SF lot
Built in 1901, Renovated since 2015
Property re-zoned to add 3rd unit in lower level
New, energy-efficient boilers for units 1 and 2
Air conditioning added to upper unit
Exterior tuck-pointing and repairs
Renovations to upper unit to create another bedroom
Significant cosmetic improvements throughout
Painting of entire exterior
Re-paved parking lot
Built in 1901, Renovated since 2015
Property re-zoned to add 3rd unit in lower level
New, energy-efficient boilers for units 1 and 2
Air conditioning added to upper unit
Exterior tuck-pointing and repairs
Renovations to upper unit to create another bedroom
Significant cosmetic improvements throughout
Painting of entire exterior
Re-paved parking lot
Property Facts
| Price Per Unit | $191,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 6 | Building Size | 8,640 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1901/2017 |
| Apartment Style | Low-Rise | ||
| Zoning | BF13, R4 - BF13 - Interior 3 Built Form Overlay District R4 - Multiple-Family District | ||
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 8,640 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1901/2017 |
| Zoning | BF13, R4 - BF13 - Interior 3 Built Form Overlay District R4 - Multiple-Family District |
Amenities
Site Amenities
- Fenced Lot
- Recycling
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | $2,800 | 2,610 |
| 3+1 | 1 | $2,200 | 2,610 |
| 2+1 | 3 | $2,800 | 2,610 |
Property Taxes
| Parcel Number | 34-029-24-24-0064 | Improvements Assessment | $748,900 |
| Land Assessment | $126,000 | Total Assessment | $874,900 |
Property Taxes
Parcel Number
34-029-24-24-0064
Land Assessment
$126,000
Improvements Assessment
$748,900
Total Assessment
$874,900
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