2110 Park Avenue Minneapolis, MN 55404
Other
MLS #: 6823043
Courtesy Of National Realty Guild
Property InformationDescription
Well-maintained 22-unit multifamily property in a prime Minneapolis location, featuring 5 studios and 17 one-bedroom units. Several recent improvements include 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 enhancing long-term cash flow. Strong rental demand due to its proximity to Downtown Minneapolis, major transit lines, hospitals, and employment centers. Excellent opportunity for investors seeking a stabilized asset with substantial operating savings and continued value-add potential.
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: 6823043
MAP & DIRECTIONS
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