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$2,400,000
Active2725 Pleasant Avenue
Minneapolis, MN 55408
4
Days on Market
NST7141393
MLS#
Commercial
Structure
Commercial
Zone
Listing OfficeFuze Real Estate
Outstanding value-add investment opportunity in South Minneapolis. This 100%-occupied, 21-unit apartment building at 2725 Pleasant Ave S (1 efficiency, 3 studio/1-bath, 15 one-bedrooms, 2 two-bedrooms, plus 25 surface parking spaces and on-site laundry) offers a buyer immediate cash flow with significant upside as rents move to market. 15 units have already been updated, including 5 with new bathrooms, the 21st unit is currently being renovated and reactivated for an added income stream. Major capital items are already addressed — a full roof and parapet wall rebuild ($350,000, 2023) and a 2026 sewer main lining — plus fresh common-area paint and new hallway carpet on order. A building-wide RUBS program was implemented within the past 12 months, shifting water/sewer, trash, and electric/gas costs to tenants, and the 25 parking spaces (currently free) offer a straightforward paid-parking upside. Seller financing may be available for qualified buyers.
Property Details
- Heating
- Other
- Stories
- 2
- Exterior Materials
- Other
- Acres
- 0.0
- Lot Size (sqft)
- 0.34
- Parking Features
- Parking Lot
- Parking Garage Spaces
- 0.0
- Property Type
- Purchase
- Year Built
- 1968
- Foundation
- Other
- Sewer Information
- City Sewer/Connected
- Utility Source
- City Water - In Street
- Utility Features
- None Available
- Subdivision
- J T Blaisdells Rev Add
- School District
- Minneapolis
- County
- HENNEPIN
- Region
- Minneapolis
- Days on Market (Cumulative)
- 4
- Taxes Annual
- $34,164
- MLS #
- 7141393
- Property Subtype
- Commercial Sale
- Parcel Number
- 3402924310071
- MLS #
- 7141393
- Date Listed
- September 09, 2026
- Address
- 2725 Pleasant Avenue
Location
Legal
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Provided By
Listed by Stacy Churchill (#NST502053092)
Listing Office: Fuze Real Estate (#NST21265)