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summary_info
$1,950,000
Active
811-815 6th Street SE
Minneapolis, MINNESOTA 55414
4 bed(s) 2 bath(s) 4,980 square ft.
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Martin Morgan
Morgan And Trust Realty
612-432-5451
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Basic Information
MLS #: 7051384
Property Type: Commercial
Stories Type: Three Or More
Stories: 3
Bedrooms: 4
Bathrooms: 2
Type: Commercial
Days On Market: 94
CDOM: 94
Year Built: 1918
Building Fin Area: 4,980
Foundation Size: 1,760
Annual Taxes: $8,809
Total Units: 6
Transaction Type: For Sale
Acres: 0.25
Lot Size Area: 10890.00
Lot Size Area Units: Square Feet
Public Remarks
New construction investment opportunity. Nearly identical to the sale of the buildings across the street at 814 6th St SE except these are 4BR,2BA units. Two units in 811 have been rented for August 1 at $2600 unit. Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 811 & 815 6th Street SE: Common Lot Development. Both 811 and 815 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 811 & 815 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (811) and One slab-on-grade new construction triplex (815). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 811 6th Street SE – Full Gut Renovation & Triplex Conversion: 811 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 815 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 815 was built as a brand-new slab-on-grade triplex, designed to complement 811 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 811 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 811. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 811. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.
School Information
School District: Minneapolis
Contact Number: 612-668-0000
Additional Information
Utilities: Electric Separate, Heating Separate, and Hot Water Separate
Current Use: Residential
Lot Information
Construction Status: Completed New Construction
Neighborhood: Marcy Holmes
Lot Dimensions: 66x165
Zoning: Residential-Multi-Family
Development or Complex Name: Mill Cos Add To St Anthony Falls
Sewer System: City Sewer/Connected
Water System: City Water/Connected
Interior Information
Basement Details: None
Air Conditioning: Central
Heating System: Forced Air
Appliances: Cooktop, Dishwasher, Microwave, Range, Refrigerator, and Stainless Steel Appliances
Total Ranges: Six or More
Total Refrigerators: Six or More
Fuel System: Natural Gas
Exterior Information
Handicap Accessibility: None
Exterior: Cement Board
Financial & Tax Information
Annual Taxes: $8,809
Tax Year: 2025
Assessment Pending: No
Assessment Balance: $0
Tax w/ Assessments: $8,809
InsuranceExpense: $9,000
List Type: Exclusive Right
Financial Remarks: No seller financing available.
Income Information
Annual Gross Income: $187,200
Annual Net Income: $150,800
Expense Information
Annual Caretaker Expense: $4,400
Annual Repair Expense: $2,400
Annual Trash Expense: $3,600
Annual Water/Sewer Expense: $2,400
Annual Gross Expense: $34,000
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Listing courtesy of Morgan And Trust Realty
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