For Sale: Minneapolis MLS# 6651128
Active
NEW!
$15,500,000
Commercial: Apartment,Business,High Rise
Built 2025
0.12 acres
Minneapolis schools
MLS# 6651128
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Property Description
Welcome to your future investment opportunity at 4645 Nicollet Ave in Tangletown in Minneapolis. This brand-new, development offers flexibility with options ranging from a 12-unit to a 45-unit luxurious apartment complex, designed with modern living in mind.
**Unit Types:** A variety of floor plans, including studio, one-bedroom, and two-bedroom apartments.
**Modern Design:** Each unit features contemporary finishes, open-concept layouts, and large windows for ample natural light.
**Sustainability:** Built with eco-friendly materials and energy-efficient systems to reduce environmental impact.
**Smart Home Technology:** Equipped with smart thermostats, keyless entry, and high-speed internet connectivity.
**Situated in the vibrant neighborhood of Minneapolis, known for its lively atmosphere, dining, and shopping options.
**Convenient access to public transportation, major highways, and downtown Minneapolis.
**Close proximity to parks, schools, and recreational facilities.
**Ideal for investors seeking a high-demand rental property in a growing area.
**Attractive rental yields and potential for long-term appreciation.
**Flexible building options available, from as low as two 12-unit complexes to one 45-unit building.
More information available upon request
Listing
Listing Status:
Active
Contingency:
None
List Price:
$15,500,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
12
County:
Hennepin
Year Built:
2025
State:
MN
Property Style:
Apartment, Business, High Rise
Zip Code:
55419
Neighborhood/Area:
Tangletown
Subdivision Name:
Crocker & Crowells Add
Exterior
Garage Spaces:
12
Garage Size:
7,650 ft2
Other Parking Spaces:
0
Foundation Size:
7,650 ft2
Handicap Accessible:
Accessible Elevator Installed
Heating System:
Other
Parking Features:
Parking Lot
Exterior Material:
- Brick/Stone
- Engineered Wood
- Fiber Cement
Lot & Land
Acres:
0.12
Geolocation:
44.917971, -93.277572
Inclusions:
Building, Land
Lot Dimensions:
86 x 124
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$75,600
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,702
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,702
Income
Annual Gross Income:
$1,117,128
Rent
Annual Net Income:
$1,041,528
Units
Total Units:
45
Miscellaneous
Current Use:
Beauty/Barber Shop
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.