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$710,000

  • Sold
  • Closed
  • Apartment
  • 5,909 Sq. Ft.
  • 0.15 Acres
See This Home
Save This Home
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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.

Full Property Details for 2201 5th Ave S

General

  • Sold For: $710,000
  • Taxes: $11,453 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6639533
  • Added to Site: 439 day(s) ago

Parking

  • Parking Features: Open

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (Connected)
  • Utility Description: Heating Separate

Financial Considerations

  • Tax Amount: $11,453
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: BLOCK 002 HOWARDS ADDN TO MPLS LOT 1 AND N 6 FT OF LOT 2
  • Inclusions: Rental License
  • Property ID: 3402924110064

Listed by Keller Williams Premier Realty
Sold by NFP Real Estate Services

Listing agent

— 2201 5th Ave S —

  • Keller Williams Premier Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2201 5th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.7 mi
Whittier International
315 West 26th St, Minneapolis, MN 55404
PK-50.9 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2201 5th Ave S

Date
Details
Price
Change
Source
1/31/2025
Sold
$710,000
-8.39%
MLS
12/16/2024
Price Increased
$775,000
3.33%
MLS
12/10/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Premier Realty
Sold by NFP Real Estate Services

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Price Reduced near 2201 5th Ave S

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408 Natchez Ave S, Golden Valley, MN 55416 - Photo 1 Price Reduced
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2201 5th Avenue S, Minneapolis, MN 55404 (MLS# 6639533) is a Apartment property that was sold at $710,000 on January 31, 2025. Want to learn more about 2201 5th Avenue S? Do you have questions about finding other Apartment real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.