Tom Engel - Managing Broker

Tom Engel - Managing Broker

(763) 416-2423



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2637 Pleasant Avenue, Minneapolis, MN 55408

$2,520,000
MLS# 7037156
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Tom Engel - Managing Broker

Tom Engel - Managing Broker
Call: (763) 416-2423

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: J T Blaisdells Rev Add
SCHOOL: Minneapolis
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Property Description

Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.

2637 Pleasant Avenue | MLS# 7037156

This commercial property located at 2637 Pleasant Avenue, Minneapolis, MN 55408 is currently listed for sale with an asking price of $2,520,000. Pleasant Avenue is located within the Minneapolis school district. Search Minneapolis real estate on tengel.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler, Hot Water
Lot Size: 0.32 Acres
Roof Type: Age Over 8 Years, Flat, Tar/Gravel
Stories: 3.0
Taxes: $34,094
Year Built: 1966

Feature Descriptions

Appliances: Range, Refrigerator
Basement: Block, Egress Window(s), Finished, Full, Storage/Locker
Current Use: Residential
Days on Site: 39
Exterior: Brick, Frame
Foundation Size: 6900
Lot: Tree Coverage - Light
Lot Dimensions: 85 x 165
Owners Expense: Fuel, Grounds Care, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 3402924310047
Parking: Paved Lot
Road Frontage: City Street, Paved Streets, Sidewalks
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Electricity
Units: 21
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Shown By

Agent Name: Tom Engel - Managing Broker
Agent Phone: (763) 416-2423
Agency Title: Counselor Realty

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