$825,000
Active
3
Beds
2
Baths
2000
Sqft
--
Acres
929 Portland Ave #2501, Minneapolis, MN 55404
MLS#: 7128748
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Overview
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Sold for $710,000
Sold for $710,000
2201 5th Ave S Minneapolis, MN 55404
$710,000
CLOSEDBeds
8
Baths
10
Sqft
Acres
0.15
Year
1929
Close Date
Jan 31, 2025
Property Type
Commercial Sale
Sub Type
Per Square Foot
$710,000
Date Listed
Dec 10, 2024
Description of 2201 5th Ave S, Minneapolis, MN 55404
Listing details for 2201 5th Ave S, Minneapolis, MN 55404 : Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don’t miss the chance to capitalize on this value-add investment opportunity.
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Listing Updated : 08-25-2026 at 1:26 AM CDT
Property Details
Property Overview
Listing Price
$775,000
MLS #ID
6639533
Close Price
$710,000
Close Date
Jan 31, 2025
Bedrooms
8
Bathrooms
10
Square Footage
Acres
0.15
Year
1929
Days on Site
8 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Dec 10, 2024
Location
Street Address
2201 5th Ave S
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Turn left onto 5th Ave S.
Schools
School District
Home Specification
Bedrooms
8
Construction / Architecture
Year Built
1929
New Construction
No
Price per Sq Ft
$0
Lot Size (Acres)
0.15
Lot Dimensions
52x124
Interior Details
Fireplace
No
Heating
Hot Water
Cooling
None
Exterior Details
Garage
No
Parking Features
Open
Exterior Features
Stucco
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer - In Street
Taxes, HOA & Financing
Annual Property Tax
$11,453.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6639533
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Property History
DateEventPrice
1/31/2025
Sold
$710,000
Source:NorthstarMLS #NST6639533
NorthstarMLS #NST6639533 12/10/2024
Listed for sale
—
Source:NorthstarMLS #NST6639533
NorthstarMLS #NST6639533Location of 2201 5th Ave S, Minneapolis, MN 55404
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$700,000
Closed
2
Beds
3
Baths
1942
Sqft
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Acres
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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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