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8843 18th Ave S, Bloomington, MN, 55425

7beds
4baths
3,128sqft
$575,000
$184price/sqft
$4,265/moest. monthly cost
$170,600/yrincome needed

About This Home

Take advantage of this opportunity to acquire a well-maintained four-unit apartment building in one of the Twin Cities most desirable rental markets. The property features a strong unit mix of three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment, appealing to a broad tenant base while providing dependable income potential. Major systems have already been updated, helping preserve value and reduce future capital expenditures. New roof (2023), new water heater (2024) , new dryer (2024), washer replaced (2021), exterior trim painted (2026), HVAC repairs completed, plumbing repairs completed, tree removal for improved safety and curb appeal.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
63
BikeBikeable

Schools

5/10
4/10
3/10

Construction

Condition

  • Year built: 1962

Materials

  • Roof: Age 8 Years or Less,Asphalt
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment

Interior

Appliances

  • Laundry features: In Basement,Common Area,Gas Dryer Hookup,Laundry Room,Sink,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Block,Egress Window(s),Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4

Features

  • Finished area below ground: 1,564
  • Finished area above ground: 1,564

Heating

  • Heating features: Baseboard,Hot Water

Interior Area

  • Total structure area: 3,128
  • Total interior livable area: 3,128 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1102724140073
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1564

Features

  • Levels: Two
  • Pool features: None
  • Fencing: Chain Link,Partial
  • Topography of land: Level

Lot

  • Lot size: 0.30 Acres
  • Features: Near Public Transit,Corner Lot
  • Lot size dimensions: 98 x 135

Parking

  • Total spaces: 2
  • Parking features: Detached Garage,Parking Lot,Paved Lot,Storage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2