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4101 42nd Avenue S

Minneapolis, MN 55406
  • $625,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 6507549
UPDATED: 229 min ago
$625,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,500
    SQFT
  • $179
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1906
County:
Area:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Realty Group, LLC.

Description

Great Longfellow location, 6 blocks from the river and 6 blocks to Minnehaha Parkway. This mixed use commercial building is very versatile and contains a rare commodity - a cash-flowing laundromat ! In addition to the laundromat, the total 3500 finished square feet also contains one other retail store front with a long-term tenant (a tattoo parlor), and two residential apartments. One upper unit is a 3 bedroom apartment rented below market rate, the other apartment a 1 bedroom. The laundromat equipment is valued at an additional $ 60,000 financed separately from the building, and the laundromat brings in about $ 65,000 gross annual income. Other tenants mostly pay their own utilities, except water/sewer/trash is divided between the laundry/3 bedroom part of building; and the tattoo /1 bedroom portion. The rubber roof and electric service/panel on lower side of bldg. were replaced in 2021& 2023.

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Odd Couple Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Odd Couple Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Odd Couple Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-06-16T00:22:31.843.

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4101 42nd Avenue S Minneapolis, MN 55406

  • Price: $625,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 229 min ago
  • ID#: 6507549
0
Beds
0
Baths
0
½ Baths
0.09
Acres
3,500
SQFT
$179
$/SQFT
1906
Built
Neighborhood:
L D Richardsons Add
County:
Hennepin
Area:
Hiawatha
School District:
1 - Minneapolis
Property Description
Great Longfellow location, 6 blocks from the river and 6 blocks to Minnehaha Parkway. This mixed use commercial building is very versatile and contains a rare commodity - a cash-flowing laundromat ! In addition to the laundromat, the total 3500 finished square feet also contains one other retail store front with a long-term tenant (a tattoo parlor), and two residential apartments. One upper unit is a 3 bedroom apartment rented below market rate, the other apartment a 1 bedroom. The laundromat equipment is valued at an additional $ 60,000 financed separately from the building, and the laundromat brings in about $ 65,000 gross annual income. Other tenants mostly pay their own utilities, except water/sewer/trash is divided between the laundry/3 bedroom part of building; and the tattoo /1 bedroom portion. The rubber roof and electric service/panel on lower side of bldg. were replaced in 2021& 2023.
Exterior Features

Construction Materials Brick/Stone Foundation Area 1400 Levels Two Lot Size Dimensions 32x127 Parking Features On-Street Parking Only Parking Open 0 Road Frontage Type Paved Streets

Interior Features

Appliances RangeRefrigerator Basement FullUnfinished Cooling Central Air Heating Forced Air Refrigerator Num Two

Property Features

Accessibility Features Other Additional Parcels YN No Assessment Pending Yes Contingency None Current Use LaundromatOtherResidential Expenses 29897.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 94800 Inclusions BuildingLandLeases Insurance Expense 11400 Land Lease YN No Lender Owned No Net Operating Income 64903 Operating Expense 29897 Owner Pays InsuranceTaxes Postal City Minneapolis Potential Short Sale No Property Sub Type Mixed UseBusiness Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 15012 Tax With Assessments 15487.8400 Tax Year 2024 Tenant Pays ElectricityGasTrash Collection Trash Expense 1800 Utilities Electric SeparateHeating Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Realty Group, LLC: . 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.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Odd Couple Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Odd Couple Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Odd Couple Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-06-16T00:22:31.843.

Click here for Digital Millennium Copyright Act
 
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The Odd Couple Team
1460 Grand Ave.
St. Paul MN, 55105
NorthstarMLS] logo Listing courtesy of Realty Group, LLC.