2201 5th AVE S Active

Minneapolis,MN 55404

$ 775000

- Bed

- Bath

- SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Howards Add

MLS Listing ID 6639533

Year Built 1929

Annual Tax Amount $11,453

Tax Year 2024

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 52x124

Property Description

Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don't miss the chance to capitalize on this value-add investment opportunity.

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Hot Water

Inclusions Rental License

Fireplace No

Exterior

Parking Features Open

Utilities Available Heating Separate

Present Use Residential

Building

Foundation 2485

Sewer City Sewer - In Street

Water City Water/Connected

Structure Type Stucco

Schools

School District Minneapolis

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