# 2413 1st Avenue S, Minneapolis, MN 55404

> **TL;DR:** 18bd/0ba commercial, $1,999,900, built 2022. Est. $8,666/mo. Listed 9 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,999,900 |
| Bedrooms | 18 |
| Year Built | 2022 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 9 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,666 |
| **Total** | **$8,666** |

## Property Highlights

- Built in 2022
- 0.14 acre lot

## Description

### Agent Description
This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow.  Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers.  Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month.  Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated.  Schedule your showing today and take advantage of this fabulous cash-flow opportunity!

## Location

- **Address:** 2413 1st Avenue S, Minneapolis, MN 55404
- **County:** Hennepin
- **Neighborhood:** Belleview Add
- **Coordinates:** 44.958665, -93.276198
- **Google Maps:** https://www.google.com/maps?q=44.958665,-93.276198

## Listing Agent

- **Name:** Eric Ollestad
- **Brokerage:** Keller Williams Classic Realty
- **Phone:** 7637464900
- **Email:** eric@valuehomesmn.com

## Primary Photo

![2413 1st Avenue S - Primary Photo](http://lh.rdcpix.com/b655b7e612955d4ee70a0e2b32e8d6aal-f1041506299r.jpg)

*94 total photos available on [listing page](https://www.propertysimple.com/listing/2413-1st-avenue-s-minneapolis-mn-55404-7045824)*

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**MLS#:** 7045824 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2413-1st-avenue-s-minneapolis-mn-55404-7045824)

---

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