2110 Park Avenue, Minneapolis, MN 55404
sale
$2,100,000
|
Other
Courtesy Of National Realty Guild
Well maintained 22- unit multifamily property with several recent improvements, including updated units, refreshed common hallways, and a new roof. The property has been accepted into the 4d Affordable Housing Incentive Program, resulting in a 78.8% reduction in property taxes beginning in 2026, significantly improving long-term cash flow. Strong rental demand driven by its prime location just minutes from Downtown Minneapolis, major transit corridors, hospitals, employment centers, and neighborhood amenities. Excellent opportunity for investors seeking a stabilized asset with substantial operating savings and continued value-add potential.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Legal Description: BLOCK 001 G N MERRIAMS ADDN TO MPLS N 75 FT OF LOT 1 AND N 75 FT OF E 29 3/4 FT OF LOT 6
- MLSID: 7056836
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