2201 5th Avenue South Minneapolis, MN 55404

$775,000
5,909
SQFT
131
$/SQFT
$775,000
5,909   sf
$131 / sf
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Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don’t miss the chance to capitalize on this value-add investment opportunity.

Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don’t miss the chance to capitalize on this value-add investment opportunity.

  • Neighborhood
  • Type
  • County
    Hennepin
  • Tax Amount
    $11,453
  • Status
    Active
  • Listing #
    6639533
  • Built
    1929
  • Listed on site
    9 days

Listed by:
Keller Williams Premier Realty

© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Listing courtesy of Keller Williams Premier Realty. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 12/16/2024 12:09
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School Info

  • school district1

Property details

Community Features

  • No HOA

Property Features

  • Gas Utilities

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Dec 16, 20245 days agoPrice increased25,000 (3%)$775,000
Dec 12, 20249 days agoNew on market$750,000
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