2725 Pleasant Avenue, Minneapolis, MN
$2,400,000
1
Square foot
0.34
Acres
About 2725 Pleasant Avenue
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.
Features of 2725 Pleasant Avenue
| MLS® # | 7141393 |
|---|---|
| Price | $2,400,000 |
| Square Footage | 1 |
| Acres | 0.34 |
| Year Built | 1968 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 2725 Pleasant Avenue |
|---|---|
| Area | 84 |
| Subdivision | J T Blaisdells Rev Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55408 |
Amenities
| Utilities | None Available |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Other |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Zoning | Business/Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $34,164 |
| Tax Year | 2026 |
| Office | Fuze Real Estate |
Listing Details
| Office | Fuze Real Estate |
|---|