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$1,999,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 7,530 Sq. Ft.
  • 0.14 Acres
  • Updated 23 hours ago
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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!

Full Property Details for 2413 1st Ave S

General

  • Price: $1,999,900
  • Taxes: $22,723 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7045824
  • Updated: 3/31/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring: Carpet, Luxury Vinyl Plank, Tile

Rooms

Bathrooms

  • Total Bathrooms: 15

Bedrooms

  • Total Bedrooms: 18

Additional Information

  • Amenities: Balcony, Ceiling Fan(s), Indoor Sprinklers, Kitchen Center Island, Kitchen Window, Local Area Network, Primary Bedroom Walk-In Closet, Paneled Doors, Tile Floors, Washer/Dryer Hookup

Parking

  • Parking Features: Driveway - Other Surface

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Belleview Add
  • Neighborhood: 84
  • Driving Directions: 1st Ave S just south of E 24th St and one block East of Nicollet Ave.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Drain Tiles, Drainage System, Egress Window(s), Finished, Concrete, Tile Shower
  • Foundation Size: 2030
  • Roof: Age 8 Years or Less, Asphalt
  • Ceiling Height: 8-10
  • Disability Access: Other
  • Square Feet: 7,530
  • Finished Down/Base.: 7,530 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 2022

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 47 x 125
  • Potential Use: Other, Professional Service, Income, Motel/Hotel
  • Zoning: Residential-Multi-Family
  • Fencing (Description): Wood

Financial Considerations

  • Operating Expenses: $33,855
  • Tax Amount: $22,723
  • Tax Year: 2025
  • Terms: Conventional, FHA, Cash, Other, Special Funding
  • Owner Pays: Insurance, Repairs, Taxes
  • Tenant Pays: All Utilities, Lawn Care, Sewer, Snow Removal, Trash Collection, Water
  • Pays Trash: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: LOT 011 BLOCK 001 BELLEVIEW ADDN TO MPLS
  • Inclusions: Building, Land
  • Property ID: 3402924130009

Listed by Keller Williams Classic Realty

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— 2413 1st Ave S —

  • Keller Williams Classic Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2413 1st Ave S

School District:Minneapolis Public School District
NameGradesDistance
Whittier International
315 West 26th St, Minneapolis, MN 55404
PK-50.5 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.9 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2413 1st Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2026
Listed
$1,999,900
899.95%
MLS
7/27/2020
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2413 1st Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,805
-1%
$1,246,000
-13%
2023
$23,022
79%
$1,439,300
80%
2023
$12,880
—
$800,000
578%
2023
$12,880
517%
$118,000
—
2020
$2,086
69%
$118,000
74%
2019
$1,233
-1%
$67,900
—
2018
$1,245
8%
$67,900
10%
2017
$1,156
-3%
$61,700
—
2016
$1,193
-5%
$61,700
—
2015
$1,252
11%
$61,700
20%
2014
$1,123
29%
$51,400
30%
2013
$868
—
$39,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Classic Realty

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2413 1st Avenue S, Minneapolis, MN 55404 (MLS# 7045824) is a Commercial property. 2413 1st Avenue S is currently listed for $1,999,900 and was received on March 31, 2026. Want to learn more about 2413 1st Avenue S? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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