2020 E Franklin Ave, Minneapolis MN 55404

2020 E Franklin Ave, Minneapolis, MN 55404

Property Information

  • For Sale $1,899,900
  • Property Type Multi-Family
  • Property Size 3,486 SF
  • Units 8
  • Lot Size 0.41 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1916
  • Year Renovated 2023
  • Date Updated May 11, 2026

Description

Experience the allure of vibrant city living surrounding the property in Minneapolis, MN. This prime location offers a compelling opportunity for multifamily and high-rise investors seeking to be part of a dynamic urban community. Just moments away, residents can enjoy the rich cultural offerings of the renowned Seward neighborhood, home to the iconic Seward Community Co-op and the thriving arts scene of the East Franklin Avenue. Nearby, the University of Minnesota's West Bank campus adds to the area's diverse and energetic atmosphere. With its mix of amenities, cultural attractions, and convenient transit options, this location presents an exciting prospect for multifamily and high-rise investment in the heart of Minneapolis.This multi-family property is conveniently located in the Seward neighborhood and features 16 rental units across four buildings. It consists of 8 two-bedroom units and 8 three-bedroom units. Recent updates include new windows, exterior stucco, new exterior security doors, and unit interiors. Income and expenses are based on current rental rates and expenses but could vary based on the new owner’s use and rates.

Highlights

  • Affordable rent rates.
  • Conveniently located.
  • Private parking lot.
  • Value-add opportunities.

Contacts

Patrick Corbett

NAI Gateway Commercial

Location

Located at 2020 E Franklin Ave, Minneapolis, MN 55404, this property is part of the Seward neighborhood and Minneapolis St Paul market.

Contact Listing Broker
Patrick Corbett

NAI Gateway Commercial

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