2444 1st Avenue S, Minneapolis, MN 55404 (MLS# 7076411)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1909
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1242
Above Ground SqFt: 2501
Below Grd Total SqFt: 505
Total SqFt: 3006
Foundation Size: 1242
Style: (MF) Triplex
Total Finished Sqft: 3009.00
Lot Dimensions: 49x126
Acres: 0.14
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Full Construction Materials: Other Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Wood Fencing: Wood Foundation: Other Fuel: Natural Gas Heating: Baseboard; Boiler Laundry: In Basement Lock Box Type: Combo Lot Description: Tree Coverage - Light Owner Pays: Sewer; Trash Collection; Water Parking Characteristics: Uncovered/Open Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Adj. Rate/Gr Payment; Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Electricity; Fuel; Gas; Heat Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Upper Level Full Bath Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 2 Amenities: Porch Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 3 Amenities: Porch Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 515000
ListPrice: 515000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2444
Street Name: 1st
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Cochrans Add

Assessments

Tax With Assessments: 9040
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2504
Finished SqFt Below Ground: 505

More Information

Income and Expenses

Annual Gross Expenses: 30919.44
Annual Gross Income: 40075
Annual Net Income: 9155.56
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 34
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: Yes
Annual Rent: 13680
Finished SqFt: 1262
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 1140
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 18000
Finished SqFt: 1242
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 1500
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 11040
Finished SqFt: 505
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 920
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 005 BLOCK 002 COCHRANS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 5054
Property ID Number: 3402924130046
Tax Year: 2025
Tax Amount: 9040
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fully rented triplex with upper level artist studio providing additional income potential or bonus space/expansion. Private parking in back, steps from "Eat Street" on Nicollet, coffee shops, MIA and easy access to 35w and downtown.
Directions: Nicollet Ave. to 25th St, L on 25th to 1st Ave, L on 1st to property.

Accessible

None: Yes

Basement

Full: Yes

Construction Materials

Other: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Wood: Yes

Fencing

Wood: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes

Laundry

In Basement: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Uncovered/Open: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Adj. Rate/Gr Payment: Yes
Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Upper Level Full Bath: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Amenities

Porch: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 3 Amenities

Porch: Yes