$2,000,000
MLS# 7006922
13680 sqft
1 / 19
Property Description
Exceptional 20-Unit Investment Opportunity in Lowry Hill East - Walkable Uptown Location Prime multifamily investment available in one of Minneapolis's most desirable neighborhoods - just steps from the vibrant Hennepin Avenue commercial district. This well-located 20-unit apartment building offers a balanced mix of units and strong rental demand in a walkable, amenity-rich area. Property Highlights: • 20 total units: 7 x 2-bedroom units, 7 x 1-bedroom units, and 6 studios • Highly desirable Lowry Hill East location - a short stroll to Hennepin Avenue shops, restaurants, bars, and coffee houses • Steps to Lake of the Isles - offering outstanding outdoor recreation, scenic walking/biking paths, and lakefront views • Walkable Uptown neighborhood easy access to transit, retail services, entertainment venues, and employers • Strong investment fundamentals - diverse unit mix appeals to a broad tenant base. Location Features: • Restaurants, bars, cafes, and boutiques just minutes away • Quick access to Hennepin Avenue nightlife and Uptown commercial corridor • Close to major employment centers, parks, and lakes • Excellent walk and bike scores This property combines location, occupancy potential, and lifestyle appeal in one of Minneapolis's most sought-after neighborhoods. Ideal for long-term hold or value-add investors.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,000,000
Contingency: None
ListPrice: 2000000
List Date: 2026-01-09
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Waterfront YN: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 80x98
Acres: 0.18
Foundation Size: 4560
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: LOT 001 BLOCK 002 COE & CHANNELLS ADDN TO MPLS LOTS 1 AND 2
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 3302924420013
Tax Year: 2025
Tax Amount: 41152
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed
Directions & Remarks
Public Remarks: Exceptional 20-Unit Investment Opportunity in Lowry Hill East - Walkable Uptown Location
Prime multifamily investment available in one of Minneapolis's most desirable neighborhoods - just steps from the vibrant Hennepin Avenue commercial district. This well-located 20-unit apartment building offers a balanced mix of units and strong rental demand in a walkable, amenity-rich area.
Property Highlights:
• 20 total units: 7 x 2-bedroom units, 7 x 1-bedroom units, and 6 studios
• Highly desirable Lowry Hill East location - a short stroll to Hennepin Avenue shops, restaurants, bars, and coffee houses
• Steps to Lake of the Isles - offering outstanding outdoor recreation, scenic walking/biking paths, and lakefront views
• Walkable Uptown neighborhood easy access to transit, retail services, entertainment venues, and employers
• Strong investment fundamentals - diverse unit mix appeals to a broad tenant base.
Location Features:
• Restaurants, bars, cafes, and boutiques just minutes away
• Quick access to Hennepin Avenue nightlife and Uptown commercial corridor
• Close to major employment centers, parks, and lakes
• Excellent walk and bike scores
This property combines location, occupancy potential, and lifestyle appeal in one of Minneapolis's most sought-after neighborhoods. Ideal for long-term hold or value-add investors.
Directions: Hennepin Ave South to West 27th West to Girard and North to property.
Accessible
None: 1
Air Conditioning
None: 1
Amenities Shared
Coin-op Laundry Leased: 1
Amenities Unit
Hardwood Floors: 1
Natural Woodwork: 1
Security System: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 41152
Basement
Concrete Block: 1
Full: 1
Unfinished: 1
Building Information
Building Finished SqFt: 18240
Building SqFt: 13680
Ceiling Height: 8-10
Construction Materials
Timber/Post & Beam: 1
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Fencing
None: 1
Flooring
Engineered Wood: 1
Luxury Vinyl Plank: 1
Wood: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Public Transit (w/in 6 blks): 1
Tree Coverage - Light: 1
Miscellaneous Information
Exterior Lighting: 1
Homestead: No
Owner Pays
Exterior Maintenance: 1
Grounds Care: 1
Heat: 1
HVAC Maintenance: 1
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Management: 1
Roof Maintenance: 1
Sewer: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 33
Township#: 29
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Curbs: 1
Sidewalks: 1
Storm Sewer: 1
Street Lights: 1
Roof
Age 8 Years or Less: 1
Flat: 1
Rubber: 1
Sale Options
Sale Includes: Building, Fixture/Equipment
Sewer
City Sewer - In Street: 1
Stories
Three Or More: 1
Topography
Level: 1
Unit 1
No. of 1 Bedroom Units: 7
Unit Details
Total Units: 20
Wall Description
Concrete/Block: 1
Water
City Water/Connected: 1
Income and Expenses
Annual Electric Expense: 17667
Annual Gross Expenses: 145664
Annual Gross Income: 286814
Annual Maintenance Expense: 32332
Annual Net Income: 141150
Annual Trash Expense: 6385
Annual Water/Sewer Expense: 12048
Total Annual Expenses: 145664
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Electricity: 1
Gas: 1
Unit 2
No. of 2 Bedroom Units: 7
On Site Utilities
Electric Separate: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Location Description
Free Standing: 1
Overhead Door Clearance
0-9 Feet: 1
Rent Rate per Foot
Per Month: 1
Unit Information
No. of Efficiency Units: 6
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Coe & Channells Add
Property Features
Accessible: None
Air Conditioning: None
Amenities Shared: Coin-op Laundry Leased
Amenities Unit: Hardwood Floors; Natural Woodwork; Security System
Appliances: Range; Refrigerator
Basement: Concrete Block; Full; Unfinished
CMU Style: Apartments/Multi Family
Construction Materials: Timber/Post & Beam
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Fencing: None
Flooring: Engineered Wood; Luxury Vinyl Plank; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Location Description: Free Standing
Lock Box Type: None
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Miscellaneous Information: Exterior Lighting
On Site Utilities: Electric Separate
Overhead Door Clearance: 0-9 Feet
Owner Pays: Exterior Maintenance; Grounds Care; Heat; HVAC Maintenance; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights
Roof: Age 8 Years or Less; Flat; Rubber
Sewer: City Sewer - In Street
Stories: Three Or More
Tenant Pays: Electricity; Gas
Topography: Level
Wall Description: Concrete/Block
Water: City Water/Connected
Listing Office: Edina Realty, Inc.
Last Updated: May - 27 - 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.