2413 1st Avenue S Minneapolis, MN 55404
For Sale MLS# 7045824
7,530 sq ft Commercial
Details for 2413 1st Avenue S
MLS# 7045824
Description for 2413 1st Avenue S, Minneapolis, MN, 55404
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!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 18
Bathrooms: 15
Lot Size: 0.14 Acres
Square Feet: 7,530 sq ft
Year Built: 2022
Foundation: 2,030 sq ft
Stories: Three Or More
Subdivision: Belleview Add
Number Of Units Total: 6
Current Use: Residential
County: Hennepin
Days On Market: 69
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Refrigerator, Washer, Freezer, Microwave, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Stainless Steel Appliances
Flooring: Carpet,Luxury Vinyl Plank,Tile
Basement: Drain Tiled, Drainage System, Egress Windows, Finished (Livable), Tile Shower
Accessibility: Other
Additional Interior Features: Ceiling Fan(s), Indoor Sprinklers, Kitchen Window, Local Area Network, Washer/Dryer Hookup, Kitchen Center Island, Paneled Doors, Tile Floors
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common
Cooling: Central
Heating: Electric, Forced Air
Exterior / Lot Features
Open Parking: 4
Parking Description: Driveway - Other Surface, Garage Dimensions - 0, Garage Door Height - 0, Garage Door Width - 0, Garage Sq Ft - 0.00
Exterior: Fiber Board, Stucco
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 47 x 125
Zoning: Residential-Multi-Family
Fencing: Wood
Additional Exterior/Lot Features: Balcony, Land Inclusions - Building,Land
Driving Directions
1st Ave S just south of E 24th St and one block East of Nicollet Ave.
Financial Considerations
Tenant Pays: All Utilities,Lawn,Sewer,Snow,Trash,Water
Owner Pays: Insurance,Repairs,Taxes
Gross Income: 188650
Expense: 33855
Tax/Property ID: 3402924130009
Tax Amount: 22723
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Classic Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2413 1st Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2413 1st Avenue S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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