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$1,100,000

0 Beds 0 Baths 6,850 SQFT 0.44 Acres
Type: Commercial

338 18th Avenue NE
Minneapolis, MN 55418

MLS#: 7144651
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Marcus & Millichap

Property Description

 

18th Avenue Apartments consists of two separately parceled multifamily properties located at 338 and 344-346 18th Avenue NE in the Holland neighborhood of Northeast Minneapolis. The property at 338 18th Avenue NE includes an eight-unit apartment building situated on a 0.32-acre parcel. The unit mix consists of one studio and seven one-bedroom residences. Every residence features new LVT or tile flooring, while a majority also include granite countertops, subway tile backsplashes, and dishwashers. The neighboring property at 344-346 18th Avenue NE includes a duplex situated on a separate 0.12-acre parcel. The duplex contains two two-bedroom residences, bringing the combined property to 10 units across 0.44 acres. The properties also provide 12 off-street parking spaces, including eight surface spaces and four garage stalls. Both buildings were constructed in 1961 and are located a few blocks from Bottineau Field Park and Recreation Center, which includes a baseball diamond, soccer fields, an indoor gym, and additional recreational facilities.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Description1102924340145
Additional Parcels Y/NYes
CityMinneapolis
ContingencyNone
CountyHennepin
Current UseResidential
DirectionsFrom Broadway St NE, go north on University Ave NE (Hwy 47) to 18th Ave NE. Turn right (east) onto 18th Ave NE. The property is on the right, on the south side of the street, between University Ave NE a
Garage Spaces4
Gross Income146288
HeatingBoiler, Forced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
Net Operating Income73430
New ConstructionNo
Number Of Units Total10
Operating Expense72858
OwnerPaysGas, Sewer, Trash Collection, Water
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCobbs Add To St Anthony
Tax Annual Amount$23,015
Tax Year2026
Tenant PaysElectricity
UtilitiesElectric Separate, Heating Common, Hot Water Common
Year Built1961
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,850 sqft
Foundation Area3,961 sqft
InclusionsBuilding
Lot Dimensions71.00 X 201.00 & 40.00 X 130.00
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Parking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$1,100,000

0 Beds 0 Baths 6,850 SQFT 0.44 Acres
Type: Commercial

338 18th Avenue NE
Minneapolis, MN 55418

MLS#: 7144651
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800