For Sale Commercial MLS# 7090913

1500 10th Avenue S

Minneapolis, MN 55404

$1,300,000

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About 1500 10th Avenue S

Exceptional investment opportunity in high-demand Elliot Park! This well maintained 12-unit apartment building features spacious one bedroom, one bath units with generous living areas, several of which have been tastefully remodeled. Located just minutes from downtown Minneapolis, the property enjoys a highly walkable location with excellent access to public transit. Close to parks, universities, shopping, and dining. Strong rental history units are always occupied and lease quickly in this high-demand area. Current rents are below market, offering significant upside potential for the next owner. A standout feature: one of the few buildings in the area with a large off-street parking lot accommodating one car per unit, a major draw for tenants. Solid cash flow today with room to grow.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1968
Stories
Two
Living area
10,020 sqft
Price / sqft
$130
Lot
0.25
Original price
$1,300,000
MLS #
7090913

Interior

Features
Baseboard, Boiler
Heating
Baseboard, Boiler

Exterior & lot

Features
Brick Veneer, Parking Lot, Paved Lot
Construction
Two, Combination, Slab
Foundation
Combination, Slab
Lot
2602924310065, Residential
Parking
Parking Lot, Paved Lot

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$23,343
Tax year
2025
Parcel
2602924310065

Location

Subdivision
J S & W Elliots Add
County
Hennepin
Neighborhood
Elliot Park
Community
Hennepin, northstar, Minneapolis
Directions
I-35W to E 11th St, east to Park Ave, south to E 15th St, east to 10th Ave S. Property on right.

Location

Neighborhood
Elliot Park
Subdivision
J S & W Elliots Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Luis Paucar, HomeSmart Sapphire Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.