2413 1st Avenue SMinneapolis, MN 55404
$1.95 million
18 bedrooms · 15 bathrooms · 7,530 finished sq ft · 0.14 acre lot
About this home
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!
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 2022
- Bedrooms
- 18
- Bathrooms
- 15
- Finished sq ft
- 7,530
- Lot
- 0.14 acres
- Basement
- Finished
- Heating
- Electric, Forced Air
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $22,805 a year
- Listed
- July 20, 2026
- MLS number
- 7112277
Listing courtesy of Value Homes Realty Group LLC (Eric Ollestad). MLS #7112277.
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Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
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 Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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How it compares
2413 1st Avenue S, Minneapolis, MN 55404 is a 18-bedroom single-family home built in 2022 in Whittier, listed for $1.95 million on July 20, 2026 by Value Homes Realty Group LLC. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $259 per square foot here against $207 for the group). That works out to $259 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Whittier, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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