$1,895,000

1115 14th Avenue SE, Minneapolis, MN 55414

  • 7,738 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $245/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Prime Investment Opportunity: 16-Unit Multifamily Building in the Heart of SE Minneapolis. Presenting an exceptional investment opportunity in one of Minneapolis’ most sought-after neighborhoods, this well-maintained 16-unit multifamily property offers consistent rental income and significant potential for future appreciation. Located in the vibrant and highly desirable Southeast Minneapolis area, this property is ideally positioned near the University of Minnesota, making it an attractive option for student housing, professionals, and long-term renters alike. 16 remodeled rental units: A mix of 10 micro suites, 5 one bedroom units and a 2-bedroom unit, offering a variety of living options to suit diverse tenants. Just minutes from the University of Minnesota campus, major highways, downtown Minneapolis, and abundant local amenities such as restaurants, parks, and shops. Steady income potential: Current rent roll offers strong cash flow with opportunities for rent increases and value-add improvements. Strong rental demand: The property’s proximity to educational institutions and thriving local businesses ensures a steady stream of tenants.Updated systems and maintenance: Recent updates to key building systems including plumbing, electrical, and new Boiler in 2025, ensuring long-term durability and minimizing immediate capital expenditures. 11 Off-street parking spots: Convenient parking for tenants. Well-maintained common areas: The building is in great condition with a clean, secure environment for residents. Strong rental market: The Southeast Minneapolis rental market continues to thrive, making this an ideal property for both seasoned investors and those looking to enter the market. Rents have increased with room for growth. This property represents a rare chance to own a multi-family asset in one of Minneapolis' most dynamic and growing neighborhoods. Whether you're a seasoned investor or new to the market, the 16-unit building at 1115 14th Ave SE offers a compelling mix of location, opportunity, and solid return potential. Don’t miss out on this outstanding opportunity.

Listing Status:
Active
Listing Office:
Morgan And Trust Realty : 612-432-5451
MLS ID:
6696313
  • Appliances: CooktopRangeRefrigerator
  • A/C: Wall Unit(s)
  • Heating: Boiler

This listing courtesy of Morgan And Trust Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.92 miles away

M

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.92 miles away

H

Heritage STEM Academy

1042 18th Ave SE, Minneapolis, MN, 55414

Grades 9-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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