722 E Franklin Avenue, Minneapolis, Minnesota, 55404

This is a multi-site property with 6 parcels (26,840 SF) and 5 buildings, 14 units located on the SE corner of Franklin & Columbus in So. MPLS, in an OPPORTUNITY ZONE. Zoned R6-MF High Density, this site could be the next multi family property built in the city. Franklin is a very high traffic street and the site is located just across the street from Peavey Park. Park Avenue is the next street to the west and gives direct access to downtown. The property's current use is multifamily and provides good cashflow. The property is priced at under assessed value. The current ownership has invested in upgrades to the property and has had no problems re-leasing upgraded units. Addresses: 712, 720, 722 Franklin & 1916, 1920, 1924 Columbus.

Active

$1,700,000

Condo/ Townhome/ Apartment

0.07 Acres

MLS

5613019

Built in 1896

Franklin Ave Add

5355 (2019)

Listing Courtesy of Metro Group Real Estate,

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ADDRESS & DIRECTIONS

  • Street Address: 722 E Franklin Avenue
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Subdivision: Franklin Ave Add
  • Directions:
    Southeast Corner of Franklin and Columbus

PROPERTY FEATURES

General Information

  • Current Use : Residential
  • Building Finished Area : 21053 S.F

Rooms Information

  • Total Number of Units : 14

Parking Features

  • Parking Characteristics: Driveway - Other Surface
  • Garage Stalls: 2
  • Other Parking Spaces: 12

Construction Features

  • Foundation Size: 10000 S.F

Utility Information

  • Utilities : Heating Separate,Hot Water Common,Electric Separate
  • Water Source : City Water - In Street
  • Sewer System : City Sewer - In Street
  • Fuel : Natural Gas

Community Features

  • Neighborhood : Ventura Village

Other Features

  • Zoning : Residential-Multi-Family

SCHOOLS NEAR 722 E Franklin Avenue

  • Courtesy of Metro Group Real Estate,
  • Property last updated on RMLS-MN : 6/24/2020 10:29:59 AM