2637 Pleasant Avenue, Minneapolis, MN 55408

General Property Information

Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 19
Owner Occupied: No
Waterfront Present: No
Year Built: 1966
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6900
For Sale or Lease: For Sale
Acres: 0.32
Lot Dimensions: 85 x 165
Garage Stalls: 0

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

Contract Information

Contingency: None
ListPrice: 2520000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2637
Street Name: Pleasant
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: J T Blaisdells Rev Add

Assessments

Tax With Assessments: 34094
Assessment Balance: 0
Assessment Installment: 0

Building Information

Building Finished SqFt: 20700
Building SqFt: 20700
Ceiling Height: 8-10

More Information

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

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

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

Sale Options

Sale Includes: Building, Land, Leases, Rental License

Unit 1

No. of 1 Bedroom Units: 15

Unit 2

No. of 2 Bedroom Units: 2

Unit Details

Total Units: 21

Unit Information

No. of Efficiency Units: 4

Office/Member Info

Association: SPAAR

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: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes
Security Building: Yes

Amenities Unit

Kitchen Center Island: Yes
Tile Floors: Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Egress Windows: Yes
Full: Yes
Storage/Locker: Yes

Construction Materials

Brick: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Fencing

Partial: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes
Tile: Yes
Vinyl/Linoleum: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes

Internet Options

Cable: Yes

Lock Box Type

None: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Fuel: Yes
Grounds Care: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Paved Lot: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Flat: Yes
Tar/Gravel: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes
Plaster: Yes

Water

City Water/Connected: Yes

Window Features

Double Pane Windows: Yes
Insulated Windows: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Income: Yes

Rent Rate per Foot

Per Month: Yes