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Listed price in listed location currency (USD).
$1,650,000

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MLS® 6811146

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $10,120
Taxes $23,066
Days Active 73
Approx. Age 1960
MLS® Number 6811146

Property Address: 6141 Nicollet Ave S, Minneapolis, MN, 55419

Average square foot calculated using Size range provided by listing agent.

Description

The nicollet ave apartments offers investors a higher return for their money then most deals on the market today!! The owner has carefully renovated every unit with newer kitchens, newer bathrooms, all new lighting and plumbing fixtures, new carpet, refinished original oak hardwood flooring, and new tile and quartz countertops!! Each kitchen has also received a complete stainless-steel appliance package that includes full-size dishwashers. The laundry machines are leased through bds on a revenue shared program and offers residents an electronic payment system. The owner has also increased revenue significantly by implementing a utility reimbursement program through rubs. This asset will change hands fully rented and stabilized with market rents and leases running through spring/summer of 2026. The current in place cap rate of 8.9% is based on a net operating income $146, 772.
MLS® Number6811146
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Business, Land, Leases, Rental License

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 30, 2025List Date
$1,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
6141 Nicollet Ave S, Minneapolis, MN

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