2528 17th Avenue S, Minneapolis, MN 55404 (MLS# 7086019)

2528 17th Avenue S, Minneapolis, MN 55404

$825,000
Property Type: Commercial Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $825,000 List Date: 6/12/2026 Last Modified: 8/27/2026

Overview

Description

Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures. Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one. Ideal for investors looking to expand their portfolio or complete a 1031 exchange.

Listing Details MLS# 7086019

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
1963
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
4536
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
60x123
Assessment Pending
No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Shakes; Stucco Fencing: Chain Link; Full Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard Loan Terms: Cash; Conventional; FHA; VA Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot; Paved Lot; Uncovered/Open Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
825000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2528
Street Name
17th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Gilpatricks Add

Assessments

Tax With Assessments
11660.32

Building Information

Building Finished SqFt
3024

More Information

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, Land, Leases, Rental License

Unit Details

Total Units
10
IDX
Listing Office: Compass
Last Updated: August - 27 - 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.
Search powered by FBS Products