3753 Girard Avenue N, Minneapolis, MN 55412

$2,185,000
Property Type: Commercial Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $2,185,000 List Date: 7/13/2023 Last Modified: 6/08/2025

Overview

Description

Great cash flow opportunity. Value add. Distressed sale. 16 - 2 bed units, 17 - 1 bed units. Currently 50% vacancy. Assumable debt that matures in 2038 at a 4.9% interest rate. Bring us an offer! AS IS.

Listing Details MLS# 6401571

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Year Built
1963
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
10479
For Sale or Lease
For Sale
Acres
0.57
Lot Dimensions
198x125
Assessment Pending
Unknown
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Financing Terms: Cash Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; FHA; Other On Site Utilities: None Available Parking Characteristics: Paved Lot Rental License Type: Standard Road Frontage: City Street Roof: Tar/Gravel Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Digitally Altered Photos
No
Off Market Date
2023-07-24
Closed Date
2023-08-10
Sales Close Price
2185000
ListPrice
2625000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3753
Street Name
Girard
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Walton Park

Additional Parcels Information

Property ID #2
0402924430085

Assessments

Tax With Assessments
6398
Assessment Balance
0

More Information

Building Information

Building Finished SqFt
20998

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
04
Township#
29

Sale Options

Sale Includes
Building, Business, Land, Leases

Unit 1

No. of 1 Bedroom Units
17

Unit 2

No. of 2 Bedroom Units
16

Unit Details

Total Units
34

Unit Information

No. of Efficiency Units
Yes

Office/Member Info

Association
MAAR
MLSID
RMLS

Location, Tax and Other Information

Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
Rental License?
Yes
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
3608
Property ID Number
0402924430086
Tax Year
2022
Tax Amount
6398
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Great cash flow opportunity. Value add. Distressed sale. 16 - 2 bed units, 17 - 1 bed units. Currently 50% vacancy. Assumable debt that matures in 2038 at a 4.9% interest rate. Bring us an offer! AS IS.
Directions
S on Victory Memorial, E on N Dowling Ave, S on Girard to property.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Parking Characteristics

Paved Lot
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Roof

Tar/Gravel
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes

On Site Utilities

None Available
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Other
Yes
Listing Office: RE/MAX Results
IDX
Last Updated: June - 08 - 2025
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.