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4853 Nicollet Ave - 4853 Nicollet Ave S

2 Unit Apartment Building Offered at $540,000 in Minneapolis, MN 55419

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Investment Highlights

Excellently maintained duplex in the wonderful Tangletown area of Minneapolis

4853 TISH

4853 disclosures

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$39,600	$11.31
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$39,600	$11.31
Taxes	-	-
Operating Expenses	$500	$0.14
Total Expenses	$500	$0.14
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$39,600
Annual Per SF	$11.31

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$39,600
Annual Per SF	$11.31

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	$500
Annual Per SF	$0.14

Total Expenses
Annual	$500
Annual Per SF	$0.14

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$540,000	Lot Size	0.15 AC
Price Per Unit	$270,000	Building Size	3,500 SF
Sale Type	Investment	Average Occupancy	100%
Sale Conditions	1031 Exchange	No. Stories	3
No. Units	2	Year Built	1952
Property Type	Multifamily Multifamily Dormitory	Parking Ratio	0.57/1,000 SF

Price	$540,000
Price Per Unit	$270,000
Sale Type	Investment
Sale Conditions	1031 Exchange
No. Units	2
Property Type	Multifamily Multifamily Dormitory
Lot Size	0.15 AC
Building Size	3,500 SF
Average Occupancy	100%
No. Stories	3
Year Built	1952
Parking Ratio	0.57/1,000 SF

Unit Amenities

Air Conditioning
Cable Ready
Dishwasher
Storage Space
Washer/Dryer

Heating
Tile Floors
Kitchen
Granite Countertops

Hardwood Floors
Refrigerator
Range
Tub/Shower

Yard
Dining Room
Handrails
Lawn

Site Amenities

Controlled Access
Laundry Facilities

Recycling
Trash Pickup - Curbside

Storage Space

Public Transportation

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
3+1	2	$1,650	1,200

zoning

Zoning Code	Residential Multi family (Wonderful side by side 2 story duplex. 3 bedrooms up on each side with a full bath, large living room & dining room. Beautiful hardwood floors throug)
Residential Multi family (Wonderful side by side 2 story duplex. 3 bedrooms up on each side with a full bath, large living room & dining room. Beautiful hardwood floors throug)