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$2,750,000

0 Beds 0 Baths 0 SQFT 0.67 Acres
Type: Commercial

4001 Mavelle Drive
Minneapolis, MN 55435

MLS#: 7000870
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Sweet Home Realty, LLC

Property Description

 

Tree-lined, classic 12-unit apartment building ideally tucked behind the Room & Board high-end furniture store and directly across from the renowned upscale Galleria Mall. The property features 11 spacious two-bedroom, one-bath units and one studio, all offering well-designed, open, and functional floor plans. Residents enjoy walking-distance access to numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, Southdale Center, Cub Foods, and Target. Located just 10 minutes from downtown Minneapolis and the University of Minnesota, the property is also situated within the highly sought-after Edina School District. This property offers a quiet residential sanctuary in the heart of Edina, combining privacy with unmatched convenience. Each unit includes a private one-car detached garage plus one additional off-street parking space. Additional features include: Baseboard hot water radiant heat for consistent comfort Tenants pay electric Coin-operated laundry on site Located in Edina—one of the most affluent close-in suburbs of Minneapolis—the property presents future redevelopment potential, situated just half a block from the France Avenue commercial district, which includes hospitals, physician offices, and high-end shopping destinations. The property is zoned PRD-4, allowing for flexible higher-density multifamily development with commercial elements (buyer to verify with the City of Edina). 1031 Exchange property.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelElectric, Natural Gas

General

AccessibilityNo Stairs External
Additional Parcels Y/NNo
CityEdina
ContingencyNone
CoolingWindow Unit(s)
CountyHennepin
Current UseResidential
DirectionsFrance Ave to 70th St to Mavelle Dr.
Garage Spaces12
Gross Income189780
HeatingBaseboard, Boiler
High School DistrictEdina
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Net Operating Income140789
New ConstructionNo
Number Of Units Total12
Operating Expense48991
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameStows Edgemoor Add Blk 9 Rep
Tax Annual Amount$28,991
Tax Year2025
UtilitiesElectric Separate, Heating Common
Year Built1961
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area500 sqft
InclusionsBuilding, Land, Leases
Lot DimensionsIrregular
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Parking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$2,750,000

0 Beds 0 Baths 0 SQFT 0.67 Acres
Type: Commercial

4001 Mavelle Drive
Minneapolis, MN 55435

MLS#: 7000870
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800