Sold

2641 Girard Avenue S

Minneapolis MN, 55408

$1,360,000


$125.93 per sqft

Sold

10,800 sqft

Commercial

Built in 1910

PREMIER SOUTH MINNEAPOLIS LOCATION JUST BLOCKS FROM THE LAKES! LARGE 1,315+ SQFT PULLMAN STYLE APARTMENTS WITH ALL THE CHARM OF 1910. ORIGINAL HARDWOOD FLOORS, LARGE BASEBOARD TRIM, BUILT-INS, & COVED CEILINGS. SIX OF THE SEVEN UNITS HAVE EXTRA SQUARE FOOTAGE W/ FRONT PORCHES HIGHLIGHTING THE EXPOSED BRICK. THE LOWER LEVEL GARDEN UNIT TAKES UP ROUGHLY 2/3'S OF THE FOUNDATION SIZE AND OFFERS THE RESIDENTS A VERY COOL UNIQUE HOME WITH THE PROPER EGRESS. THE CITY OF MINNEAPOLIS CERTIFICATE OF OCCUPANCY HAS IT AS A LEGAL LICENSED 7-UNIT. ALL BRICK EXTERIOR WITH STUCCO ON THE FRONT AND FIVE OFF-STREET PARKING SPACES FOR TENANTS. ALL UNITS HAVE BEEN UPDATED WITH NEWER GAS FIRED HOT WATER BOILERS SEPARATELY METERED FOR RESIDENTS TO PAY. CURRENTLY 6 OF THE 7 UNITS ARE RENTED WITH THE LAST UNIT LEFT OPEN FOR EASIER SHOWINGS. WOULD MAKE EITHER A GREAT CONDO CONVERSION OR TEAR DOWN AND BUILD A NEW DEVELOPMENT! CURRENT IN PLACE CAP RATE OF 7.53% **SELLER MAY FINANCE**

6336815

MLS ID

February 27, 2023

Listed

May 9, 2024

Updated

Map

2641 Girard Avenue S
Minneapolis MN, 55408

Interior Features

Total Stories

3


Appliances

Range, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Boiler, Hot Water

Exterior/Building Features

Lot Size

0.14 Acres


Roof

Age Over 8 Years, Flat


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$21,998


Tax Frequency

Annually


Days on Market

87


Garage

No


Parking

Asphalt


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

6/29/2023

Price Change

$1,360,000

-10%

6/29/2023

Sold

$1,360,000

5/25/2023

Pending

4/15/2023

Price Change

$1,505,000

-3%

 

Courtesy of Apartment Cash Flow, Inc.

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Steve Schmitz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 10:24 AM UTC, 5/9/2024

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