For Sale: Minneapolis MLS# 6467927
Active
$1,343,000
Commercial: Apartments
Built 1970
0.37 acres
Minneapolis schools
MLS# 6467927
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Property Description
3643 Penn Ave N is a stately brick 17-unit building with potential opportunity for an 18th, unit. Built in 1970 with off-street parking and a large lot adjacent to the build. Front and back entries have double glass security doors and ceramic tile floors. High efficiency boiler installed in 2017, 3 hot water heaters, electrical upgrades roof is new in 2012. Excellent opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,343,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1970
State:
MN
Property Style:
Apartments
Zip Code:
55412
Neighborhood/Area:
Cleveland
Subdivision Name:
Oak Wood Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
17
Foundation Size:
4,203 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
Open
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.37
Geolocation:
45.021664, -93.308666
Inclusions:
Building, Fixture/Equipment, Inventory, Land, Leases
Lot Dimensions:
128 x 127
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$21,598
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$21,598
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
17
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.