810 6th Street SE, Minneapolis, MN 55414 - MLS# 7068805
$949,900
Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package — including a shared 20-space parking lot — for a combined purchase price of $1,550,000. When fully occupied these investments have potential to produce combined annual gross income of $171,000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 810 6th Street SE is currently operating as a triplex, while 806 6th Street SE a duplex with a clear path to triplex conversion — a value-add play that savvy investors will immediately recognize. Paired together, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 810 will occur concurrently with 806 6th Street SE (MLS 7068739).
Interior Information
Size & Levels
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 9% of occupied homes are owner-occupied, and the average commute is 21 minutes.
Cost of Ownership
Median home value
$341,800
Lower than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$3,562/yr
Lower than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$2,639/mo
Higher than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Median rent
$1,175/mo
Lower than the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
9%
Lower than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1983
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2010-20199%
- 2000-200917%
- 1990-19999%
- 1960-196913%
- 1950-195910%
- 1939 or earlier18%
Types of homes
The share of housing units in each building type.
- Single-family detached4%
- 2-4 units17%
- 5+ units77%
Getting Around
Average commute
21 min
Lower than the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone55%
- Walk or bike12%
- Work from home23%
Homes with broadband
81%
Lower than Minneapolis overall
The share of households with a broadband internet subscription.
