1623 W Lake St - Apartments FOR SALE


Minneapolis, MN 55408- Uptown Minneapolis
$2,500,000 USD
952-473-0903
1623 W Lake St, Minneapolis, MN for Sale
$2,500,000 USD
Apartments - FOR SALE
1/4
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1623 W Lake St
Minneapolis, MN 55408
Uptown Minneapolis


OVERVIEW

PROPERTY HIGHLIGHTS • Total acreage 0.28 acres: 1623 W Lake St & adjacent property • Highest and best use: Multi-family, potential for 5-10 floors based on city priorities • Height and density consideration subject to specific city approval • Building year 1917; 6 Unit low rise, 3 story apartment building • Price: $2,500,000 for both properties

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CM1

APN/PARCEL ID

04-028-24-21-0042

ASK ABOUT THIS PROPERTY

Jeff StedmanKW CommercialMore Info
952-473-0903

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Jeff StedmanKW CommercialMore Info
952-473-0903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.