4001 Mavelle Drive, Minneapolis, MN 55435

$2,750,000
Property Type: Commercial Lot Size (sq. ft.): 29,185 Status: Active
Current Price: $2,750,000 List Date: 12/17/2025 Last Modified: 2/07/2026

Overview

Description

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina). 1031 Exchange property.

Listing Details MLS# 7000870

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Owner Occupied
No
Waterfront Present
No
Year Built
1961
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
500
Garage Stalls
12
For Sale or Lease
For Sale
Acres
0.67
Lot Dimensions
Irregular

Property Features

Accessible: No Stairs External Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Slab Fuel: Electric; Natural Gas Heating: Baseboard; Boiler On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
2750000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
4001
Street Name
Mavelle
Street Suffix
Drive
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55435
Complex/Dev/Subdivision
Stows Edgemoor Add Blk 9 Rep

Assessments

Tax With Assessments
28991
Assessment Balance
0

Building Information

Building Finished SqFt
15000

More Information

Income and Expenses

Annual Gross Expenses
48991
Annual Gross Income
189780
Annual Net Income
140789

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
31
Township#
28

Sale Options

Sale Includes
Building, Land, Leases

Unit 2

No. of 2 Bedroom Units
11

Unit Details

Total Units
12

Unit Information

No. of Efficiency Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
BLOCK 001 STOWS EDGEMOOR ADDN BLOCK 9 REPLAT THAT PART OF LOT 3 LYING N OF A LINE PAR WITH AND 37 FT S FROM MOST NLY LINE OF SAID LOT ALSO THAT PART OF LOT 4 LYING E OF W 130 FT THEREOF
Listing City
Edina
Map Page
134
Municipality
Edina
School District
Edina
School District Phone
952-848-3900
Zip Plus 4
9601
Property ID Number
3102824110083
Tax Year
2025
Tax Amount
28991
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina). 1031 Exchange property.
Directions
France Ave to 70th St to Mavelle Dr.

Accessible

No Stairs External
Yes

Air Conditioning

Window Unit(s)
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Slab
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Baseboard
Yes
Boiler
Yes

Parking Characteristics

Parking Lot
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Common
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes
Listing Office: Sweet Home Realty, LLC
IDX
Last Updated: February - 07 - 2026
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