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2637 Pleasant Ave S
Minneapolis, MN 55408

$2,850,000 USD

Apartments For Sale • 12,000 SF

Property Details

Property Type Apartments
Total Building Size 19,000 SF
Lot Size 0.32 AC
Building Class C
Year Built 1966
Cap Rate 5.02 %
Zoning R5

64 Transit Score

90 Walk Score

                
                    Highlights
                
                                LARGE STUDIO, 1-BEDROOM, AND 2-BEDROOM UNITS 
                            
                                TWO NEWER HIGH EFFICIENCY HOT WATER BOILERS
                            
                                REMODELED UNITS AND COMMON AREAS AND HALLWAYS 
                            
                                NEWER VINYL REPLACEMENT WINDOWS

Property Flyers

2637 Pleasant Ave - 21 units

Financial Summary (Proforma)

Net Operating Income: $142,989 USD (2025)

Cap Rate:	5.02 %
Total Expenses:	$120,000 USD

Amenities

Air Conditioning
Cable Ready
Controlled Access
Recycling
Smoke Free
Wi-Fi
High Speed Internet Access
Refrigerator
Range
Storage Space
Double Pane Windows

Public Transportation

Commuter Rail	Drive	Walk	Distance
Target Field Station (Northstar Corridor - Northstar Commuter Rail)	9 min	-	3.0 mi
Fridley Station (Northstar Corridor - Northstar Commuter Rail)	17 min	-	9.8 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	21 min	-	11.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Surface
Included in Rent:	Yes

Nathan Opatz 651-263-3653 Apartment Cash Flow, Inc

2637 Pleasant Ave S Minneapolis, MN 55408