For Sale Commercial MLS# 7086019

2528 17th Avenue S

Minneapolis, MN 55404

$825,000

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About 2528 17th Avenue S

Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures. Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one. Ideal for investors looking to expand their portfolio or complete a 1031 exchange.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1963
Stories
Three Or More
Lot
0.17
Original price
$875,000
MLS #
7086019

Interior

Features
Baseboard
Heating
Baseboard

Exterior & lot

Features
Stone, Shakes, Stucco, Asphalt, Parking Lot, Paved Lot, Open
Construction
Three Or More, Block, Age 8 Years or Less, Asphalt
Roof
Age 8 Years or Less, Asphalt
Foundation
Block
Lot
3502924140115, Chain Link, Full, Residential
Fence
Chain Link, Full
Parking
Asphalt, Parking Lot, Paved Lot, Open

Schools

District
Minneapolis Public School District

Utilities

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

Financial

Financial
northstar
Annual tax
$11,660
Tax year
2026
Parcel
3502924140115

Location

Subdivision
Gilpatricks Add
County
Hennepin
Neighborhood
East Phillips
Community
Hennepin, City Street, Curbs, Paved Streets, Sidewalks, northstar, Minneapolis
Directions
Hwy 55 S, W onto E 26th St, N onto S 17th Ave, building on left.

Location

Neighborhood
East Phillips
Subdivision
Gilpatricks Add
School district
Minneapolis Public School District

Ask about this property

Questions on 2528 17th Avenue S, Minneapolis, MN 55404, or want to see it in person?

Listed by Miguel Lopez, Compass

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.