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$1,650,000

  • For Sale
  • Active
  • Apartment
  • 12,000 Sq. Ft.
  • 0.29 Acres
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The Nicollet Ave Apartments Offers Investors A Higher Return For Their Money Then Most Deals On The Market Today!! The Owner Has Carefully Renovated Every Unit With Newer Kitchens, Newer Bathrooms, All New Lighting and Plumbing Fixtures, New Carpet, Refinished Original Oak Hardwood Flooring, and New Tile and Quartz Countertops!! Each Kitchen Has Also Received A Complete Stainless-Steel Appliance Package That Includes Full-Size Dishwashers. The Laundry Machines Are Leased Through Bds On A Revenue Shared Program and Offers Residents An Electronic Payment System. The Owner Has Also Increased Revenue Significantly By Implementing A Utility Reimbursement Program Through Rubs. This Asset Will Change Hands Fully Rented and Stabilized With Market Rents and Leases Running Through Spring/Summer Of 2026. The Current in Place Cap Rate Of 8.9% Is Based On A Net Operating Income $146,772.

Full Property Details for 6141 Nicollet Ave S

General

  • Price: $1,650,000
  • Taxes: $23,066 (2025)
  • Status: Active
  • Type: Apartment
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6811146
  • Updated: 11/29/2025
  • Added to Site: 80 day(s) ago

Interior

  • Appliances: Dishwasher, Range, Refrigerator

Additional Information

  • Amenities: Cable, Ceiling Fan(s), Hardwood Floors, Tile Floors, Walk-In Closet

Parking

  • Parking Features: Paved

Location

  • County: Hennepin
  • Subdivision: Nicollet Heights
  • Neighborhood: Windom
  • Driving Directions: Hwy 35 to Hwy 62

School Information

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

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Brick/Stone
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 4000
  • Roof: Age Over 8 Years, Flat
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 12,000
  • Finished Down/Base.: 12,000 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1960

Unit Information

  • Units w/Refrigerators: 1
  • Units w/Range/Oven: 1

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Dimensions: 80 x 100
  • Frontage: City Street
  • Potential Use: Investment
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Operating Expenses: $71,689
  • Tax Amount: $23,066
  • Tax Year: 2025
  • Owner Pays: Gas, Grounds Care
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 005 NICOLLET HEIGHTS N 1/2 OF LOT 19 AND ALL OF LOTS 20 AND 21
  • Inclusions: Building, Business, Land, Leases, Rental License
  • Property ID: 2202824430070

Listed by Apartment Cash Flow, Inc.

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— 6141 Nicollet Ave S —

  • Apartment Cash Flow, Inc.

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NMLS#: 1598647

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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 6141 Nicollet Ave S

School District:Minneapolis Public School District
NameGradesDistance
Windom School
5821 Wentworth Avenue, Minneapolis, MN 55419
PK-50.4 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-81.2 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 6141 Nicollet Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/29/2025
Listed
$1,650,000
53.49%
MLS
2/29/2024
Sold
$1,075,000
—
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 6141 Nicollet Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,067
-17%
$1,269,000
-18%
2023
$27,777
-5%
$1,546,000
7%
2023
$29,232
—
$1,451,600
15%
2023
$29,232
37%
$1,260,000
5%
2020
$21,288
2%
$1,203,700
5%
2019
$20,873
9%
$1,149,500
10%
2018
$19,167
13%
$1,045,000
15%
2017
$17,022
12%
$908,500
15%
2016
$15,255
22%
$790,000
28%
2015
$12,508
-1%
$618,000
7%
2014
$12,615
-2%
$579,500
—
2013
$12,877
—
$579,500
—
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 Apartment Cash Flow, Inc.

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6141 Nicollet Avenue S, Minneapolis, MN 55419 (MLS# 6811146) is a Apartment property. 6141 Nicollet Avenue S is currently listed for $1,650,000 and was received on October 29, 2025. Want to learn more about 6141 Nicollet 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.

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