2631 Columbus Ave, Minneapolis, MN 55407
33 Units
Building Overview
Facts
- Type Multifamily
- Year Built 1972
- Location Minneapolis MN
- Stories 3
- # of Buildings 1
- Land SF 20,306 SF
- Land Acres 0.47 AC
- Roof 2026 Brand New
- Parking 24 Spaces
- Metered Individually
Highlights
Fully Stabilized 33-Unit Apartment Community with all units configured as large one-bedrooms, providing durable in-place cash flow and a highly leasable unit mix.
RUBS Program Already in Place, allowing for utility cost recovery and improved operating efficiency from day one.
Exceptional Minneapolis Healthcare Location near Allina Health, Abbott Northwestern, and other major medical/employment hubs, supporting consistent renter demand.
4D Tax Classification Potential presents an opportunity for substantial property tax savings, creating meaningful upside to future cash flow.
Majority of Units Have Been Remodeled, giving new ownership a well-positioned asset with an updated interior product.
Strong Capital Improvement Profile with all major CapEx items either recently completed or in excellent condition, limiting near-term capital needs.
Brand New Roof Installed in June 2026, providing immediate value and reducing future replacement costs.
Large Rear Parking Lot offers an additional revenue stream through parking income while also enhancing tenant convenience.
Unit Mix
| Beds | Baths | Units | Rent |
|---|---|---|---|
| Studio | 1 | 1 | $882 |
| 1 | 1 | 27 | $1,000–$1,250 |
| 2 | 1 | 5 | $1,465–$1,611 |
| Total Beds: 37 | Total Baths: 33 | Total Units: 33 | Avg Rent: $1,173 |
