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$3,950,000
1302 Linden Ave, Minneapolis, MN 55403
0 Beds
0 Baths
n/a sqft

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Stand alone 42 unit 3 story building in North Loop neighborhood near Twins Stadium and Farmer's Market. Close to colleges. Classic vintage building hardwood floors, natural woodwork, and built in buffets. 35 studio units and 7 1 bedrooms. The lower north loop is slated for major improvements within the next few years as part of the redevelopment of the downtown upper north loop. Plans have already begun on light rail hub from downtown to western suburbs.
  • Price:
  • $3,950,000
  • Acreage:
  • 0.20
  • Year Built:
  • 1916
  • Listing ID #:
  • NST5663343
  • Street Address:
  • 1302 Linden Ave
  • City:
  • Minneapolis
  • State:
  • Minnesota
  • Postal Code:
  • 55403
  • County:
  • Hennepin
  • Listing Status:
  • Active
  • Construction Type:
  • Brick/Stone
  • Number Of Units:
  • 42
  • Year Built:
  • 1916
  • Annual Electric Expenses:
  • 6000
  • Annual Insurance Expenses:
  • 14400
  • Annual Maintenance Expenses:
  • 12000
  • Annual Trash Expenses:
  • 5880
  • Annual Water/Sewer Expenses:
  • 22800
  • Gross Income:
  • 429072
  • Net Operating Income:
  • 206220
  • Operating Expense:
  • 207600
  • Existing Land Use:
  • Residential
  • Lot Measurement Type:
  • Acres
  • Zoning Description:
  • Residential-Multi-Family
  • Association Amenities:
  • Patio, Coin-Op Laundry Owned
  • Included In Sale:
  • Building, Land
  • Property Taxes:
  • $38,532
  • Tax Year:
  • 2020
  • Tenant Pays:
  • Electricity, Fuel
  • Parking Description:
  • On-Street Parking Only
  • Existing Water:
  • City Water/Connected
  • Heating:
  • Steam
  • Sewage Type:
  • City Sewer/Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Res Realty
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