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924 17th Avenue SE, Minneapolis, MN 55414

$1,880,000
Property Type: Commercial Bedrooms: 24 Baths: 12 Lot Size (sq. ft.): 16,553 Status: Closed
Current Price: $1,880,000 List Date: 12/20/2023 Last Modified: 6/08/2025

Overview

Description

All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.

Listing Details MLS# 6470533

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
11
Year Built
1969
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
4114
For Sale or Lease
For Sale
Acres
0.38
Lot Dimensions
150X110
Garage Stalls
0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Wood Financing Terms: Conventional Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Separate; Heating Common; Hot Water Common Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date
2024-03-08
Closed Date
2024-03-08
Sales Close Price
1880000
Contingency
None
ListPrice
2200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
924
Street Name
17th
Street Suffix
Avenue
Street Direction Suffix
SE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55414
Complex/Dev/Subdivision
Rollins Add

Assessments

Assessment Balance
298.54
Tax With Assessments
27515.12

Building Information

Building Finished SqFt
8228
Building SqFt
8228

More Information

Income and Expenses

Annual Electric Expense
1630
Annual Fuel Expense
4644
Annual Gross Expenses
55711
Annual Gross Income
217361
Annual Insurance Expense
5952
Annual Maintenance Expense
3254
Annual Net Income
161650
Annual Trash Expense
2204
Annual Water/Sewer Expense
3946
Total Annual Expenses
55711

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
150x110

Public Survey Info

Range#
24
Section#
24
Township#
29

Sale Options

Sale Includes
Building, Land

Unit 1

Unit Number
101
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Level
Main Level
Leased?
No

Unit 10

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
10

Unit 11

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
11

Unit 2

No. of 2 Bedroom Units
10
Leased?
No
Level
Main Level
Three-Quarter Baths
2
Total Bathrooms
2
Total Bedrooms
4
Total Rooms
7
Unit Number
102

Unit 3

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
3

Unit 4

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
4

Unit 5

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
5

Unit 6

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
6

Unit 7

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
7

Unit 8

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
8

Unit 9

Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
9

Unit Details

Total Units
11

Office/Member Info

Association
SPAAR
MLSID
RMLS

Location, Tax and Other Information

Listing City
Minneapolis
Map Page
107
Municipality
Minneapolis
Rental License?
No
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2349
Property ID Number
2402924140105
Tax Year
2023
Tax Amount
27216.58
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
All units have been taken care of meticulously with many updates and ongoing preventative maintenance. Each unit has hardwood flooring and ceramic tile or porcelain tile flooring, all apartments are located just a few blocks from the University of Minnesota near Dinkytown and the U of MN East Bank Campus and SE Como and Marcy Holmes neighborhoods. Located on Metro transit routes, close to shopping and events. This is an amazing opportunity to own your own block in the heart Minneapolis. Phase I completed without any issues. Additional investment opportunities available.
Directions
From SE University (CR-36) right onto SE Oak St (CR-37) to SE 4th St (Cr-37), right onto SE 10th Avenue, Left on SE 8th St, Left onto SE 9th Ave, to SE 7th St

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Financing Terms

Conventional
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
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
Other
Yes
Listing Office: RE/MAX Professionals
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.
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