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Wilen Real Estate

1810 Portland Avenue, Minneapolis, MN 55404

1810 Portland Avenue, Minneapolis, MN 55404

$1,100,000
Commercial Sale
N/A Beds
N/A Baths
N/A SQFT
1,963 Year Built
0.16 Acres
No Waterfront
Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property has been meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.

Listed by: Keller Williams Premier Realty
TALK WITH AN AGENT & SCHEDULE A SHOWING

Mike Wilen
Licensed Real Estate Agent
612-400-9000
info@WilenRealEstate.com
Mike Wilen - Licensed Real Estate Agent
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