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CITY
Richfield, MN
UNITS
8
SALES PRICE
$788,000
DOWN PAYMENT
197,000
TERMS
Cash or Submit
Highlights
  • Updated electrical
  • New Garage roof in 2006

Call MBG at (952) 465 -3572

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Description

Chicago and Elliot Apartments, built in 1969, are two all brick, four-unit buildings located in a quiet residential neighborhood in Richfield, Minnesota.  Wrought iron railings and porch columns add a decorative touch to the front entries.  The two assets, separated by parking lots in the back, also include on-site laundry facilities, and individual garages for each unit.

 

Each property’s floor plan include one and two bedroom apartments.  Common areas are open and well-lit, and laundry rooms are equipped with washtubs and coin-operated washers and dryers. 

 

The apartments in both properties are appointed with neutral décor, carpeted and vinyl flooring, and offer mini blinds throughout. Kitchens feature laminate countertops with double-sided stainless sinks, and are equipped with mostly white appliances, and electric stoves with fan hoods.  Tile floors and tub surrounds are standard in all bathrooms. 

 

Richfield, as a first-ring suburb of Minneapolis, has retained a small town culture with attractive residential neighborhoods, a strong public school system, and amenities such as Wood Lake Nature Center.  The apartment are a few blocks from two schools--an elementary and a one with a dual-language program.  The properties are also conveniently located on the bus lines, with easy access to freeways and minutes to Downtown Minneapolis. 

 

Summary
Property Type
Two- 11/2 story buildings
Year Built
1969
Units / Rents
3– 1 Bedrooms  at $700-$725
5 – 2 Bedrooms at $800-$825
Heating & Air Conditioning
Gas fired Hot Water
Wall units
Laundry
1 Washers / 1 Dryers per building
Assessed Market Value
Real Estate Taxes
2016 - $9192
Parcel Size
0.5acres
Parking
8 Garage stalls 
Roofs
Pitched ( one new in 2012)
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405