Acres1.26
Year1987
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Status:
Active
Property Type:Apartment
MLS #:6470543
On Site:100 Days
Lot Size:1.26 Acres
County:Hennepin
All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.
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Price Change History
Date | Old Price | New Price | Percent Change |
3/14/2024 | $8,000,000 | $6,900,900 | -13.7% |
Community Information
Address:1701 Elm Street SE, Minneapolis, MN 55414
County:Hennepin
City:Minneapolis
School District:Minneapolis
Subdivision:Mcmillans Sub Blks Rollins Add
Zip Code:55414
Neighborhood:Como
Features / Amenities
Heating: Hot Water
Fuel: Natural Gas
Property Features
Lot Size:
1.26 Acres
Lot Dimensions:172x167
Utilities: Electric Separate, Heating Common, Hot Water Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning:Residential-Multi-Family
Directions:Kasota Ave/Energy Park Drive (CR32) to SE Elm, left, follow to property on right.
Tax and Financial Info
Sale Includes: Building, Rental License
Tax Year: 2023
Tax Annual Amount: $111,959
Water / Sewer Expense: $19,713
Maintenance Expense: $58,751
Fuel Expense: $21,976
Electric Expense: $8,699
Insurance Expense: $9,013
Trash Expense: $6,764
Gross Income: $763,242
Net Income: $506,235
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1701 Elm Street SE Minneapolis, MN 55414
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Listing Information Last Updated 3/28/2024
Listing provided courtesy of RE/MAX Professionals.
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