Chris Motteberg
MLS#7056836
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONG N Merriams Add
SCHOOLMinneapolis
Property Description
Well maintained 22- unit multifamily property with several recent improvements, including updated units, refreshed common hallways, and a new roof. The property has been accepted into the 4d Affordable Housing Incentive Program, resulting in a 78.8% reduction in property taxes beginning in 2026, significantly improving long-term cash flow. Strong rental demand driven by its prime location just minutes from Downtown Minneapolis, major transit corridors, hospitals, employment centers, and neighborhood amenities. Excellent opportunity for investors seeking a stabilized asset with substantial operating savings and continued value-add potential.
Property Features
Property Type: Commercial - Business
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler
Lot Size: 0.27 Acres
Stories: 3.0
Taxes: $6,780
Year Built: 1959
Feature Descriptions
Current Use: Residential
Days on Site: 3
Foundation Size: 5100
Lot Dimensions: 75 X 159.75
Parcel#: 3502924220011
Parking: Parking Lot
Sale Includes: Building, Land, Leases
Sewer: City Sewer/Connected
Units: 22
Utilities: Electric Separate
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: National Realty Guild
Agency Phone: 651-330-8001
Shown By
Agent Name: Chris Motteberg
Agent Phone: (218) 637-0200
Agency Title: LeBlanc Realty
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2110 Park Avenue | MLS# 7056836
This commercial property located at 2110 Park Avenue, Minneapolis, MN 55404 is currently listed for sale with an asking price of $2,100,000. Park Avenue is located within the Minneapolis school district. Search Minneapolis real estate on cmotteberg.leblancrealty.com today.