2413 1st S Avenue, Minneapolis, Minnesota 55404

MN, Minneapolis
$1,950,000
  • 18 Beds
  • 15 Bath
  • Commercial Sale Property Type
  • 2022 Year Built
  • Active Status
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Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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!

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7112277
  • Price: $1,950,000
  • Year Built: 2022
  • Listing Status: Active
  • Office Name: Value Homes Realty Group LLC
  • Roof: Asphalt,Age 8 Years or Less
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Basement Finished,Drain Tiled,Egress Window(s),Drainage System,Tile Shower
  • Fence Wood
  • Parking Driveway - Other Surface
  • Utilities Electric Common
  • Exterior Features Stucco,Fiber Board
  • Flooring Carpet,Tile,Luxury Vinyl Plank
  • Sewer City Sewer/Connected
Appliances
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Freezer
  • Microwave
  • Refrigerator
  • Washer
  • Range
  • Electric Water Heater
  • Stainless Steel Appliances
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City Minneapolis
  • Zipcode 55404
  • Street: 1st
  • Street Number: 2413
  • Street Suffix: Avenue
  • Longitude: W94° 43' 25.7''
  • Latitude: N44° 57' 31.2''
  • Directions: 1st Ave S just south of E 24th St and one block East of Nicollet Ave.
  • Street Dir Suffix: S
Neighborhood
  • High School District: Minneapolis
MLS Addon
  • Office Name: Value Homes Realty Group LLC
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: Other
  • Building Size: 7530
  • Current Use: Residential
  • Foundation Details: Poured Concrete
  • Levels: Three Or More
  • Lot Size Dimensions: 47 x 125
  • Number Of Units Total: 6
Financial
  • Tax Annual Amount: 22805
Listing Information
  • List Agent Mls Id: 502041848
  • List Office Mls Id: 300130
  • Modification Timestamp: 2026-08-12T20:32:07Z
  • Originating System Name: NorthStar
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