$920,000

421 6th Street SE, Minneapolis, MN 55414

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$920,000

421 6th Street SE Minneapolis, MN 55414

For Sale MLS# 6652619

7,149 sq ft Commercial

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Data current as of 03/02/2025 22:55:14

Details for 421 6th Street SE

MLS# 6652619

Description for 421 6th Street SE, Minneapolis, MN, 55414


Come see this fully stabilized 7-unit property in a great location in SE Minneapolis. Every unit in this building has been rehabbed within the last few years. Solid rents in place, but there is definitely room for rent bumps. This property's proximity to the U of M campus and downtown gives it a strong student rental base. The back parking lot has recently been redone to add extra parking spaces for tenants. Come and drive by the property! It sits in a quiet neighborhood while still being just blocks away from some of Minneapolis's best restaurants.

Listing Information


Property Type: Commercial, Apartments/Multi Family

Status: Active

Bedrooms: 16

Bathrooms: 7

Lot Size: 0.25 Acres

Square Feet: 7,149 sq ft

Year Built: 1900

Foundation: 2,221 sq ft

Subdivision: Mill Cos Add To St Anthony Falls

Number Of Units Total: 7

Current Use: Residential

County: Hennepin

Days On Market: 7

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Electric Common,Heating Common,Hot Water Common

Cooling: Window

Heating: Hot Water, Natural Gas

Exterior / Lot Features


Open Parking: 9

Parking Description: Paved Lot

Exterior: Vinyl

Lot Dimensions: 66x165

Zoning: Business/Commercial

Additional Exterior/Lot Features: Land Inclusions - Building,Leases

Unit Information


Unit 1 Actual Rent: 1150

Unit 1 Baths Total: 1

Unit 1 Beds Total: 1

Unit 2 Actual Rent: 1200

Unit 2 Baths Total: 1

Unit 2 Beds Total: 2

Unit 3 Actual Rent: 2000

Unit 3 Baths Total: 1

Unit 3 Beds Total: 4

Unit 4 Actual Rent: 985

Unit 4 Baths Total: 1

Unit 4 Beds Total: 1

Unit 5 Actual Rent: 1100

Unit 5 Baths Total: 1

Unit 5 Beds Total: 2

Unit 6 Actual Rent: 1950

Unit 6 Baths Total: 1

Unit 6 Beds Total: 3

Driving Directions


University Ave SE, N., on 5th Ave SE, W., on 6th St SE to property on Right.

Financial Considerations


Gross Income: 102299

Tax/Property ID: 2402924220073

Tax Amount: 14300

Tax Year: 2024

HomeStead Description: Non-Homesteaded

Price Changes


$920,000 Original Price
$920,000 Current Price
$0 Total Change
Date Price Change
01/25/2025 12.32 PM $920,000
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 421 6th Street SE

Schools in attendance boundaries Grades Distance Rating
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Schools nearby Grades Distance Rating
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger ® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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