$830,000
$880,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1810 Portland AVE Minneapolis, MN 55404
11 Beds
11 Baths
6,882 Sqft Lot
Key Details
Sold Price $830,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Jackson Daniels & Whitneys Add
MLS Listing ID 6793568
Sold Date 05/13/26
Bedrooms 11
Year Built 1963
Annual Tax Amount $17,526
Tax Year 2025
Contingent None
Lot Size 6,882 Sqft
Lot Dimensions 6891
Property Description
Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property hasbeen meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.
Location
State MN
County Hennepin
Zoning Business/Commercial
Rooms
Basement Block, Shared Access
Interior
Heating Boiler, Hot Water
Cooling Wall Unit(s)
Flooring Vinyl, Wood
Fireplace No
Appliance Gas Water Heater, Range, Refrigerator
Exterior
Parking Features Asphalt
Pool None
Utilities Available Electric Separate, Hot Water Common
Roof Type Age 8 Years or Less
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks)
Story Three Or More
Foundation 8055
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Block,Concrete
New Construction false
Schools
School District Minneapolis
Read Less
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