4101 42nd Avenue S, Minneapolis, MN

About 4101 42nd Avenue S

Great Longfellow location, 6 blocks from the river and 6 blocks to Minnehaha Parkway. This mixed use commercial building is very versatile and contains a rare commodity - a cash-flowing laundromat ! In addition to the laundromat, the total 3500 finished square feet also contains one other retail store front with a long-term tenant (a tattoo parlor), and two residential apartments. One upper unit is a 3 bedroom apartment rented below market rate, the other apartment a 1 bedroom. The laundromat equipment is valued at an additional $ 60,000 financed separately from the building, and the laundromat brings in about $ 65,000 gross annual income. Other tenants mostly pay their own utilities, except water/sewer/trash is divided between the laundry/3 bedroom part of building; and the tattoo /1 bedroom portion. The rubber roof and electric service/panel on lower side of bldg. were replaced in 2021& 2023.

Listing Map