2201 South 5th Avenue
$775,000
—
5,909
5,909
$131
Description
Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth....Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don’t miss the chance to capitalize on this value-add investment opportunity.
- Listed by Keller Williams Premier Realty
Property Details for 2201 South 5th Avenue
Neighborhood
Phillips West
Subdivision NameHowards Add
Zoning JurisdictionBusiness/Commercial
LISTING UPDATED: 12/16/2024 10:27 AM
Property Details for 2201 South 5th Avenue
Status | Active |
---|---|
MLS # | 6639533 |
Days on Compass | 8 |
Taxes | $11,453 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1929 |
Lot Size | 0.15 AC / 6,534 SF |
County | Hennepin County |
Building Information for 2201 South 5th Avenue
Stories-Residences10Year Built1929Lot Size0.15 AC / 6,534 SF
Property Information for 2201 South 5th Avenue
Property History for 2201 South 5th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2201 South 5th Avenue
Taxable ValueLand$83,900Additions$632,100Total$716,000
Tax Record2023$11,453 ($954 / month)
Home Facts
Total Finished SqFt4,896 SqFtAbove Grade Finished SqFt4,896 SqFtStories2Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningR4CountyHENNEPINAPN34-029-24-11-0064
Schools near 2201 South 5th Avenue
This home is within Minneapolis Public School Dist..
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Whittier International PublicPK to 5 | ||
Andersen Community PublicPK to 8 | ||
South Senior High School Public9 to 12 | ||
Loring-Nicollet High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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