2413 1st S Avenue
Minneapolis, MN, 55404
$1,950,000
18 Beds
15 Baths
0 SqFt
0.14 Acres
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$1,950,000
2413 1st S Avenue
Minneapolis, MN, 55404
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This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You’ll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!
Listing Provided Courtesy of Value Homes Realty Group LLC

Property Details

Price:
$1,950,000
MLS #:
NST7112277
Status:
Active
Beds:
18
Baths:
15
Type:
Commercial
Subdivision:
Belleview Add
Neighborhood:
whittier
Listed Date:
Aug 12, 2026
Total Sq Ft:
7,530
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
2022
WhittierWhittierBelleview AddMinneapolis

Schools

School District:
Minneapolis

Interior

Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Cooling
Central Air
Flooring
Carpet, Luxury Vinyl Plank, Tile
Heating
Forced Air
Levels
Three Or More

Exterior

Accessibility Features
Other
Exterior Features
Fiber Board, Stucco
Fencing
Wood
Parking Features
Driveway – Other Surface
Roof
Age 8 Years or Less, Asphalt

Financial

Net Operating Income
$160,663
Tax Year
2026
Taxes
$22,805
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