$2,500,000
MLS# 7037156
20700 sqft
1 / 44
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%.
Details
Documents
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,500,000
Contingency: None
ListPrice: 2500000
List Date: 2026-03-16
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 19
Owner Occupied: No
Waterfront YN: No
Year Built: 1966
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 85 x 165
Acres: 0.32
Foundation Size: 6900
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: BLOCK 015 J T BLAISDELLS REVISED ADDN TO MPLS LOT 17 AND N 40 FT OF LOT 16
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1924
Property ID Number: 3402924310047
Tax Year: 2026
Tax Amount: 34094
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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%.
Directions: Whittier Neighborhood / on lake go to Pleasant and go north to property.
Accessible
None: 1
Air Conditioning
Wall Unit(s): 1
Amenities Shared
Coin-op Laundry Owned: 1
Security Building: 1
Amenities Unit
Kitchen Center Island: 1
Tile Floors: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 34094
Assumable Loan
Not Assumable: 1
Basement
Concrete Block: 1
Egress Windows: 1
Full: 1
Storage/Locker: 1
Building Information
Building Finished SqFt: 20700
Building SqFt: 20700
Ceiling Height: 8-10
Construction Materials
Brick: 1
Frame: 1
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Brick/Stone: 1
Stucco: 1
Fencing
Partial: 1
Flooring
Carpet: 1
Luxury Vinyl Plank: 1
Tile: 1
Vinyl/Linoleum: 1
Wood: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Hot Water: 1
Internet Options
Cable: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Tree Coverage - Light: 1
Miscellaneous Information
Homestead: No
Owner Pays
Fuel: 1
Grounds Care: 1
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Pool Description
None: 1
Public Survey Info
Range#: 24
Section#: 34
Township#: 29
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Paved Streets: 1
Sidewalks: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age Over 8 Years: 1
Flat: 1
Tar/Gravel: 1
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Topography
Level: 1
Unit 1
No. of 1 Bedroom Units: 15
Unit Details
Total Units: 21
Wall Description
Drywall: 1
Plaster: 1
Water
City Water/Connected: 1
Window Features
Double Pane Windows: 1
Insulated Windows: 1
Income and Expenses
Annual Caretaker Expense: 2400
Annual Electric Expense: 3240
Annual Fuel Expense: 6712
Annual Gross Expenses: 78726
Annual Gross Income: 265906
Annual Insurance Expense: 8500
Annual Maintenance Expense: 6300
Annual Net Income: 187179
Annual Trash Expense: 2730
Annual Water/Sewer Expense: 11000
Total Annual Expenses: 78726
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Broadband: 1
Electricity: 1
Unit 2
No. of 2 Bedroom Units: 2
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Income: 1
Rent Rate per Foot
Per Month: 1
Unit Information
No. of Efficiency Units: 4
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: J T Blaisdells Rev Add
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Security Building
Amenities Unit: Kitchen Center Island; Tile Floors
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Concrete Block; Egress Windows; Full; Storage/Locker
CMU Style: Apartments/Multi Family
Construction Materials: Brick; Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone; Stucco
Fencing: Partial
Flooring: Carpet; Luxury Vinyl Plank; Tile; Vinyl/Linoleum; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Hot Water
Internet Options: Cable
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Fuel; Grounds Care; Insurance; Lawn; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Pool Description: None
Potential Use: Income
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Flat; Tar/Gravel
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Broadband; Electricity
Topography: Level
Wall Description: Drywall; Plaster
Water: City Water/Connected
Window Features: Double Pane Windows; Insulated Windows
2637 Pleasant 21 units $2.5 
Listing Office: Apartment Cash Flow, Inc.
Last Updated: June - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.