1500 10th Avenue S, Minneapolis, MN 55404 (MLS# 7090913)

1500 10th Avenue S, Minneapolis, MN 55404

$1,300,000
Property Type: Commercial Bedrooms: 1 Baths: 1 Square Footage: 10,020 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $1,300,000 List Date: 6/18/2026 Last Modified: 6/26/2026

Overview

Description

Exceptional investment opportunity in high-demand Elliot Park! This well maintained 12-unit apartment building features spacious one bedroom, one bath units with generous living areas, several of which have been tastefully remodeled. Located just minutes from downtown Minneapolis, the property enjoys a highly walkable location with excellent access to public transit. Close to parks, universities, shopping, and dining. Strong rental history units are always occupied and lease quickly in this high-demand area. Current rents are below market, offering significant upside potential for the next owner. A standout feature: one of the few buildings in the area with a large off-street parking lot accommodating one car per unit, a major draw for tenants. Solid cash flow today with room to grow.

Listing Details MLS# 7090913

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Waterfront YN
No
Year Built
1968
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3340
For Sale or Lease
For Sale
Acres
0.25
Lot Dimensions
75.10 X 145.00
Assessment Pending
Unknown

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick Veneer Foundation: Combination; Slab Fuel: Electric; Natural Gas Heating: Baseboard; Boiler Lock Box Type: Combo On Site Utilities: Electric Separate Owner Pays: Gas; Maintenance/Repair; Trash Collection; Water Parking Characteristics: Parking Lot; Paved Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Tenant Pays: Escalation Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1500
Street Name
10th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
J S & W Elliots Add

Assessments

Tax With Assessments
27235

Basement

Foundation Dimensions
49.10 x 71.3

More Information

Building Information

Building Finished SqFt
10020
Building SqFt
10020

Income and Expenses

Annual Electric Expense
1960
Annual Fuel Expense
6280
Annual Gross Income
136800
Annual Maintenance Expense
1440
Annual Net Income
123920
Annual Trash Expense
3000
Annual Water/Sewer Expense
4320
Total Annual Expenses
12880

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
26
Township#
29

Sale Options

Sale Includes
Building, Land

Unit 1

No. of 1 Bedroom Units
12

Unit Details

Total Units
12
IDX
Listing Office: HomeSmart Sapphire Realty
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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