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The Coliseum 3211 Minnehaha Ave 17 Unit Apartment Building $1,615,000 ($95,000/Unit) Minneapolis, MN 55406
Executive Summary
The Coliseum is a well-maintained 17-unit apartment building. All one-bedroom units with strong occupancy. Features include off-street parking, on-site laundry, and recent updates. Conveniently located near the Metro Blue Line, Minnehaha Falls, and VA Hospital. RUBS in place for utility recovery and 4D tax classification offers reduced property taxes. Solid investment with stable income.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$131,243
|
$11.00
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $131,243 |
| Annual Per SF | $11.00 |
Property Facts
| Price | $1,615,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,934 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2013 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $1,615,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,934 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2013 |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 650 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01-028-24-14-0012 | Improvements Assessment | $1,477,000 (2024) |
| Land Assessment | $221,000 (2024) | Total Assessment | $1,698,000 (2024) |
Property Taxes
Parcel Number
01-028-24-14-0012
Land Assessment
$221,000 (2024)
Improvements Assessment
$1,477,000 (2024)
Total Assessment
$1,698,000 (2024)
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The Coliseum | 3211 Minnehaha Ave
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