2110 Park Avenue, Minneapolis, MN 55404 (MLS# 6823043)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Waterfront Present: No
Year Built: 1959
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5100
For Sale or Lease: For Sale
Acres: 0.27
Lot Dimensions: 75 X 159.75
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2100000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2110
Street Name: Park
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: G N Merriams Add

Assessments

Tax With Assessments: 6766
Assessment Balance: 0

Building Information

Building Finished SqFt: 15300
Building SqFt: 15300

More Information

Income and Expenses

Annual Gross Expenses: 101603.84
Annual Gross Income: 261861
Annual Net Income: 160257.16

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 35
Township#: 29

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: 17

Unit Details

Total Units: 22

Unit Information

No. of Efficiency Units: 5

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: BLOCK 001 G N MERRIAMS ADDN TO MPLS N 75 FT OF LOT 1 AND N 75 FT OF E 29 3/4 FT OF LOT 6
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2459
Property ID Number: 3502924220011
Tax Year: 2026
Tax Amount: 6766
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well-maintained 22-unit multifamily property in a prime Minneapolis location, featuring 5 studios and 17 one-bedroom units. Several recent improvements include updated units, refreshed common hallways, and a new roof. The property has been accepted into the 4d Affordable Housing Incentive Program, resulting in a 78.8% reduction in property taxes beginning in 2026, significantly enhancing long-term cash flow. Strong rental demand due to its proximity to Downtown Minneapolis, major transit lines, hospitals, and employment centers. Excellent opportunity for investors seeking a stabilized asset with substantial operating savings and continued value-add potential.
Directions: From I-94, take the Portland Ave exit and head south. Turn left onto 22nd St E, then left onto Park Ave. Property will be on the right.

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

2110 Park Avenue, Minneapolis, MN 55404

Overview

Description

Listing Details MLS# 6823043