UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Rgt Fergusons Add
MLS Listing ID 7007502
Bedrooms 4
Year Built 1907
Annual Tax Amount $5,618
Tax Year 2026
Contingent None
Property Description
This package includes two adjacent parcels totaling five residential units and one street facing retail b
uilding, offering diversified income streams in one of South Minneapolis' most established rental and small-business districts. Located near Uptown and minutes from Bde Maka Ska, the property benefits from:
---Strong renter demand driven by proximity to downtown, lakes, public transit.
---Dense surrounding housing stock with consistent multifamily absorption.
---High daily traffic counts along Lyndale Avenue, supporting retail tenancy.
---Walkable access to neighborhood retail, restaurants, and transit corridor.
South Minneapolis has demonstrated long-term rental resiliency, supported by limited new small-scale multifamily inventory in this immediate corridor. The mixed-use configuration provides optionality: Stabilize, reposition, or redevelopment over time as land values continue to appreciate along this artery passage way.
Serious investors may request detailed financials and underwriting materials upon request and execution of an NDA.
Location
State MN
County Hennepin
Zoning Other
Rooms
Family Room Other
Basement Unfinished
Interior
Heating Hot Water
Cooling Window Unit(s)
Flooring Vinyl, Wood
Inclusions Building, Fixture/Equipment, Leases
Fireplace No
Exterior
Parking Features Open
Utilities Available Electric Separate
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light
Story Two
Foundation 880
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
Others
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Nearby Locations
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