Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

955 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

409 7th St 409 7th St

5 Unit Block of Flats £337,940 (£67,588/Unit) Minneapolis, MN 55414

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Great Location in Marcy Holmes Neighborhood
New Roof 2023
Redevelopment Potential

Large Lot
Off Street Parking

Executive Summary

24-Hour notice required for showing. Currently 100% occupied. Agent to verify measurements. 5-unit apartment property located in the Marcy Holmes neighborhood near the University of MN. Total of 8 rental rooms, one 3-Bed, one 2-Bed, one 1-Bed and 2 Studio units. 100% occupied with a strong history as a student rental. Units are in good condition and the roof was replaced in 2023. Large lot provides an opportunity for future redevelopment. Located near the U of MN, this property has been a student rental for many years. Easy access to downtown Minneapolis via Hennepin and Central Avenues and HWY 35w.

409 - Sale Package - 3-2024

Property Facts

Price	£337,940	Building Class	B
Price Per Unit	£67,588	Lot Size	0.21 AC
Sale Type	Investment	Building Size	6,000 SF
No. Units	5	Average Occupancy	100%
Property Type	Residential	Number of Floors	2
Property Subtype	Apartment Multifamily Dormitory	Year Built	1900
Apartment Style	Garden	Parking Ratio	0.83/1,000 SF

Price	£337,940
Price Per Unit	£67,588
Sale Type	Investment
No. Units	5
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	B
Lot Size	0.21 AC
Building Size	6,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1900
Parking Ratio	0.83/1,000 SF