Property information

Beds

—

Baths

N/A

Sq Ft

—

Year Built

1968

Property Type

Commercial Sale

Acres

0.34

County

Hennepin

Waterfront

No

Waterfront View

—

Waterfront Feet

—

Water Body

—

Parking

0

Basement

—

Price/Sqft

—

Stories

Two

HOA Fee

N/A

Updated

14 D AGO

List Date

9/9/2026

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.