{"@odata.id":"https:\/\/api.mlsgrid.com\/v2\/Property('NST7821759')","ListingKey":"NST7821759","Appliances":["Dishwasher","Range","Refrigerator"],"Basement":["Finished","Full"],"City":"Minneapolis","Contingency":"None","CurrentUse":["Residential"],"Directions":"Hwy 35 to Hwy 62","NST_Fuel":["Natural Gas"],"GrossIncome":218461,"Latitude":44.89121999999999701458364143036305904388427734375,"ListPrice":1650000,"LockBoxType":["None"],"Longitude":-93.2777370000000018990249373018741607666015625,"LotSizeDimensions":"80 x100","LotSizeUnits":"Acres","ParcelNumber":"2202824430070","PostalCity":"Minneapolis","PostalCode":"55419","PublicRemarks":"THE NICOLLET AVE APARTMENTS OFFERS INVESTORS A HIGHER RETURN FOR THEIR MONEY THEN MOST DEALS ON THE MARKET TODAY!! THE OWNER HAS CAREFULLY RENOVATED EVERY UNIT WITH NEWER KITCHENS, NEWER BATHROOMS,  ALL NEW LIGHTING AND PLUMBING FIXTURES, NEW CARPET, REFINISHED ORIGINAL OAK HARDWOOD FLOORING, AND NEW TILE AND QUARTZ COUNTERTOPS!!  EACH KITCHEN HAS ALSO RECEIVED A COMPLETE STAINLESS-STEEL APPLIANCE PACKAGE THAT INCLUDES FULL-SIZE DISHWASHERS.  THE LAUNDRY MACHINES ARE LEASED THROUGH BDS ON A REVENUE SHARED PROGRAM AND OFFERS RESIDENTS AN ELECTRONIC PAYMENT SYSTEM.  THE OWNER HAS ALSO INCREASED REVENUE SIGNIFICANTLY BY IMPLEMENTING A UTILITY REIMBURSEMENT PROGRAM THROUGH RUBS.  THIS ASSET WILL CHANGE HANDS FULLY RENTED AND STABILIZED WITH MARKET RENTS AND LEASES RUNNING THROUGH SPRING\/SUMMER OF 2026.  THE CURRENT IN PLACE CAP RATE OF 8.9% IS BASED ON A NET OPERATING INCOME $146,772.","PublicSurveyRange":"24","PublicSurveySection":"22","PublicSurveyTownship":"28","NST_RentalLicenseType":["Standard"],"NST_RentalLicenseYN":"Y","Roof":["Age Over 8 Years","Flat"],"NST_SchoolDistrictPhone":"6126680000","Sewer":["City Sewer\/Connected"],"StateOrProvince":"MN","StreetDirSuffix":"S","StreetName":"Nicollet","StreetNumber":"6141","StreetNumberNumeric":6141,"StreetSuffix":"Avenue","TaxYear":2025,"Topography":"Level","Utilities":["Electric Separate","Heating Common","Hot Water Common"],"YearBuilt":1960,"AccessibilityFeatures":["None"],"AdditionalParcelsYN":false,"NST_AgentOwner":"No","NST_AmenitiesUnit":["Cable","Ceiling Fan(s)","Hardwood Floors","Tile Floors","Walk-In Closet"],"LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","BasementYN":true,"BathroomsTotalInteger":11,"BedroomsTotal":23,"BuildingAreaTotal":12000,"BuyerOfficeName":"Apartment Cash Flow, Inc.","CumulativeDaysOnMarket":204,"NST_CeilingHeight":"8-10","CloseDate":"2026-04-03","ClosePrice":1557500,"PossibleUse":["Income"],"NST_RefrigeratorNum":["One Per Unit"],"ConcessionsAmount":0,"ConstructionMaterials":["Block","Brick"],"NewConstructionYN":false,"NST_ForSaleOrLease":"For Sale","Cooling":["Window Unit(s)"],"CountyOrParish":"Hennepin","DocumentsCount":1,"DocumentsChangeTimestamp":"2026-02-03T20:59:07.392Z","DaysOnMarket":97,"ElectricExpense":1104,"Fencing":["None"],"Flooring":["Carpet","Tile","Vinyl","Wood"],"FoundationArea":4000,"NST_FractionalOwnershipYN":"No","FuelExpense":8116,"GarageSpaces":0,"Heating":["Boiler"],"HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","Inclusions":"Building,Business,Land,Leases,Rental License","InsuranceExpense":9272,"InternetAddressDisplayYN":true,"InternetAutomatedValuationDisplayYN":false,"InternetConsumerCommentYN":false,"InternetEntireListingDisplayYN":true,"LandLeaseYN":false,"NST_LenderOwned":"No","Levels":["Three Or More"],"ListingContractDate":"2025-10-29","ListingId":"NST6811146","LotFeatures":["Corner Lot"],"LotSizeArea":0.289999999999999980015985556747182272374629974365234375,"MaintenanceExpense":10120,"ManagerExpense":0,"NST_NeighborhoodName":"Windom","NST_NeighborhoodNumber":"86","NetOperatingIncome":146772,"NumberOfUnitsTotal":11,"OffMarketDate":"2026-02-03","OperatingExpense":71689,"OriginalEntryTimestamp":"2025-10-29T22:24:00.000Z","NST_OwnerOccupied":"No","OwnerPays":["Gas","Hot Water","Grounds Care"],"NST_SchoolDistrictNumber":"558","ParkingFeatures":["Paved Lot"],"PendingTimestamp":"2026-02-03T14:56:26.000Z","PhotosCount":30,"PhotosChangeTimestamp":"2026-02-03T21:02:05.567Z","PoolFeatures":["None"],"NST_PotentialShortSale":"No","NST_PowerCompanyName":"Xcel Energy","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","RoadFrontageType":["City Street"],"RoadResponsibility":["Public Maintained Road"],"StandardStatus":"Closed","SubdivisionName":"Nicollet Heights","TaxAnnualAmount":23066,"NST_TaxWithAssessments":"23066","TenantPays":["Broadband","Cable TV","Electricity"],"Township":"Minneapolis","TrashExpense":3900,"VideosCount":0,"WaterSewerExpense":7080,"WaterSource":["City Water\/Connected"],"ZoningDescription":"Residential-Multi-Family","BuyerAgentKey":"NST38915","BuyerAgentMlsId":"NST506069385","BuyerOfficeMlsId":"NST27376","BuyerOfficeKey":"NST27376","ListAgentKey":"NST38915","ListAgentMlsId":"NST506069385","ListOfficeMlsId":"NST27376","ListOfficeName":"Apartment Cash Flow, Inc.","ListOfficeKey":"NST27376","ModificationTimestamp":"2026-04-05T22:04:05.749Z","OriginatingSystemName":"northstar","MlgCanView":true,"MlgCanUse":["IDX"]}