2020 East Franklin Avenue

Minneapolis, MN 55404

$1,999,900
Price
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Beds
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Description

This multi-family property is located in the Seward neighborhood and features 16 rental units. 8 of the units are two-bedroom units and 8 of the units are three-bedroom units. This property features many updates including all new windows, repaired exterior stucco and new paint, all new exterior security door, new asphalt patching of parking lot. Interior units feature new appliances, bathroom fixtures, interior paint, new light fixtures, new interior locks. There are currently 10 vacancies allowing...This multi-family property is located in the Seward neighborhood and features 16 rental units. 8 of the units are two-bedroom units and 8 of the units are three-bedroom units. This property features many updates including all new windows, repaired exterior stucco and new paint, all new exterior security door, new asphalt patching of parking lot. Interior units feature new appliances, bathroom fixtures, interior paint, new light fixtures, new interior locks. There are currently 10 vacancies allowing for the new buyer to fill with their own tenants. This property is great for affordable rentals or ICS grant usage.
  1. Listed by Caspian Group

Property Details for 2020 East Franklin Avenue

Neighborhood
Seward
Subdivision Name
Murphys Add
Zoning Jurisdiction
Residential-Multi-Family

Location

Listing Courtesy of Caspian Group
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LISTING UPDATED: 03/19/2024 06:52 AM

Property Details for 2020 East Franklin Avenue

StatusActive
MLS #6474426
Days on Compass117
Taxes$34,921 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1916
Lot Size0.41 AC / 17,859 SF
CountyHennepin County

Location

Listing Courtesy of Caspian Group
Add your commute

Building Information for 2020 East Franklin Avenue

Stories-Residences16Year Built1916Lot Size0.41 AC / 17,859 SF

Payment Calculator

$13,824 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,914

Property Taxes

$2,910

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2020 East Franklin Avenue

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: 94 to Riverside Exit. Go S on 26th to E Franklin. Go W on East Franklin to 21st Ave S. Property is NW corner of E Franklin and 21st Ave S.
  • Latitude: 44.962992
  • Longitude: -93.242985
  • Map Coordinate: 106-E3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55404
  • State Or Province: MN
  • Public Survey Township: 29
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 2502924330166
  • Tax Annual Amount: $34,921.00
  • Tax Legal Description: BLOCK 031 MURPHYS ADDN TO MPLS LOTS 6 AND 7 EX STREET
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 36418.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.41
  • Lot Size Dimensions: 165 X 107
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 13600.0
Property and Assessments
  • Age Of Property: 108
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Separate, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1700.0
  • Fuel: Natural Gas
Interior Features
  • Appliances: Freezer, Range, Refrigerator
  • Cooling: Window Unit(s)
  • Garage Dimensions: 0
  • Garage Door Height: 0
  • Garage Door Width: 0
  • Garage Square Feet: 0
  • Heating: Boiler, Radiator(s)
  • Basement YN: No
Multi Family
Unit 1
  • Unit Type Baths Total: 0

Property History for 2020 East Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2020 East Franklin Avenue

Taxable ValueLand$247,600Additions$1,921,400Total$2,169,000
Tax Record2023$36,418 ($3,035 / month)
Home Facts
Total Finished SqFt13,786 SqFtAbove Grade Finished SqFt13,786 SqFtStories3Lot Size17,860 SqFtStyleMulti-Family Res (5+ Units)Year Built1916ZoningR6CountyHENNEPINAPN25-029-24-33-0166

Schools near 2020 East Franklin Avenue

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 5
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Andersen Community
PublicPK to 8

Dowling Elementary School
PublicK to 5

South Senior High School
Public9 to 12

Field Elementary School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2020 East Franklin Avenue is for sale in Minneapolis, MN 55404. This property was listed for sale on January 7, 2024 by Caspian Group, it's currently listed at $1,999,900. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Andersen Community, Dowling Elementary School and South Senior High School. 2020 East Franklin Avenue is a 0-bed, 0-bath, built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Caspian Group

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/19/2024 06:52 AM