1810 Portland AVE new

Minneapolis,MN 55404

$ 1100000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Jackson Daniels & Whitneys Add

MLS Listing ID 6676751

Year Built 1963

Annual Tax Amount $17,526

Tax Year 2025

Contingent None

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 6891

Property Description

Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property has been meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.

Location

State MN

County Hennepin

Zoning Business/Commercial

Rooms

Basement Block,Shared Access

Interior

Heating Boiler,Hot Water

Cooling Wall Unit(s)

Inclusions Building,Leases,Rental License

Fireplace No

Appliance Gas Water Heater,Range,Refrigerator

Exterior

Parking Features Asphalt

Utilities Available Electric Separate,Hot Water Common

Roof Type Age 8 Years or Less

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks)

Foundation 8055

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

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