$710,000
$775,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
2201 5th AVE S Minneapolis, MN 55404
6,534 Sqft Lot
Key Details
Sold Price $710,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Howards Add
MLS Listing ID 6639533
Sold Date 01/31/25
Year Built 1929
Annual Tax Amount $11,453
Tax Year 2024
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 52x124
Property Sub-Type Apartment
Property Description
Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don't miss the chance to capitalize on this value-add investment opportunity.
Location
State MN
County Hennepin
Zoning Business/Commercial
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Open
Utilities Available Heating Separate
Present Use Residential
Building
Foundation 2485
Sewer City Sewer - In Street
Water City Water/Connected
Structure Type Stucco
Schools
School District Minneapolis
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