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CITY
Minneapolis, MN
UNITS
11
SALES PRICE
$525,000
DOWN PAYMENT
$131,250
TERMS
Cash or Submit
Highlights
  • Onsite laundry facilities
  • Bathrooms with vanities
  • Vertical blinds
  • Ceiling fans
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Description

Park Avenue apartments is a well-constructed 60’s-built property with 11 updated units, six of which have been completely remodeled.  The brick and stucco property is located in the Elliot Park community one block east of Franklin Steele Square, a popular recreational park, which just reopened in June after an extensive reconstruction.   

All apartments are spacious and light featuring updated kitchens with all white appliances, stainless double sinks with sprayers, laminate countertops, and freshly painted walls.  Four of the units are equipped with new designer-quality kitchen cabinets and durable tile or Pergo flooring. 

The Elliot Park neighborhood is characterized by a mix of residential and commercial establishments.  This diverse community, still a prime target for downtown redevelopment, is comprised of large, upscale condos such as Grant Park and Skycape, and lower income housing.  The neighborhood’s official boundaries are 5th Avenue South to the northwest, 5th Street South to the northeast, Hwy. 55 to the east, Interstate 94 and 35W to the south, and 4th Avenue South to the west.

Summary
Property Type
2 ½ -story brick and stucco
Year Built
1961
Units / Rents
11 - 1 BR - 625 sq. ft.
Heating & Air Conditioning
Gas fired hot water
Laundry
1 washer & 1 dryer
Assessed Market Value
$515,000
Real Estate Taxes
2009 - $9,267
Parcel Size
acres
Parking
11 off-street spaces
Roofs
Flat
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405