2447 11th Avenue S, Minneapolis, MN 55404 (MLS# 7104766)

2447 11th Avenue S, Minneapolis, MN 55404

$529,000

Your next investment opportunity is waiting!

Property Type: Commercial Bedrooms: 7 Baths: 5 Lot Size (sq. ft.): 3,920 Status: Active

Current Price: $529,000 List Date: 7/07/2026 Last Modified: 9/24/2026

Overview

Description

Five-unit apartment building next to the hospital in South Minneapolis! This property currently has one vacancy but once fully filled should generate $6,465/month in rent. Two of the units are two bedroom units, renting for $1,495 and $1,450. Three are one bedroom units renting for (vacant), $1,150 and $1,270. Tenants pay their own electric (heat is all electric). Old boiler in basement is disconnected.

Listing Details MLS# 7104766

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1884
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1541
For Sale or Lease: For Sale
Acres: 0.09
Lot Dimensions: 29x127
Assessment Pending: No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Wood Foundation: Stone Fuel: Electric; Natural Gas Heating: Baseboard Loan Terms: Cash; Conventional On Site Utilities: Electric Separate Owner Pays: Gas; Repairs; Snow Removal; Trash Collection; Water Rental License Type: Standard Roof: Asphalt Shingles; Flat; Pitched Sewer: City Sewer/Connected Tenant Pays: Electricity; Heat Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 529000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 2447
Street Name: 11th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Cole & Weeks Rgt Brackett & Bovey

Assessments

Tax With Assessments: 8243

Building Information

Building Finished SqFt: 3409

More Information

Income and Expenses

Annual Gross Income: 64380
Annual Insurance Expense: 4210
Annual Trash Expense: 2586
Annual Water/Sewer Expense: 3296

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 35
Township#: 29

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 1495
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Level: 2nd Level
Leased?: Yes
Lease Expiration Date: 2027-04-30
No. of 1 Bedroom Units: 3

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Monthly Rent: 1450
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Unit Number: 2

Unit 3

Full Baths: Yes
Leased?: No
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 3
Unit Number: 3

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-10-31
Leased?: Yes
Monthly Rent: 1150
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1270
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 5
Unit Number: 5

Unit Details

Total Units: 5

Listing Office: Financially Free, LLC

Last Updated: September - 24 - 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.

2447 11th Avenue S, Minneapolis, MN 55404 (MLS# 7104766)