Price Reduction
218 3rd Avenue E Shakopee, MN
$ 679,900
Property Attributes
  • ID#6105226
  • TypeCommercial
  • CountySCOTT
  • CityShakopee
  • AreaCity Of Shakopee
  • NeighborhoodCity Of Shakopee
  • Zip55379
  • StyleApartment
  • Year Built1924
  • Taxes$ 5904
  • Price$ 679,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3480
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Keller Williams Classic Rlty NW
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

Great cash flowing 6-unit investment opportunity in desirable downtown Shakopee! This 6 unit apartment building has four 1-bedroom units and two studio apartments, a 5-car surface lot in the back with alley access, a newer roof and water heater, and newer siding! This property has had very little vacancy and collects great rent and cash flow! Conveniently located close to restaurants, highways, public transportation, shopping, parks and more!

Price History
9/24/2021 Listed $700,000
11/19/2021 3% - $679,900

General Features

Accessibility None
Additional Parcels Y/N No
Amenities Unit Deck, Patio, Porch
Appliances Range, Refrigerator
Basement Full, Block
City Shakopee
Construction Materials Vinyl Siding, Stucco
Contingency None
Cooling Window Unit(s)
County Scott
Current Use Residential
Days on Market 59
Directions From 101, go S on Spencer St S, then W on 3rd Ave E. Property will be on the left.
Electric Expense 2988
Grossincome 62040
Heating Boiler
High School District Shakopee
Insurance Expense 2382
Lender Owned No
Maintenanceexpense 1292
Net Operating Income 45107
Operatingexpense 16933
Ownerpays Taxes, Insurance, Water, Electricity, Fuel, Repairs, Janitorial Service, Trash Collection, Snow Removal, Grounds Care
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt, Age 8 Years or Less
Sewer City Sewer/Connected
Standard Status Active
Street Name 3rd
Subdivision Name City Of Shakopee
Tax Annual Amount 5904
Tax Year 2021
Tenant Pays Cable TV
Total Units 6
Trash Expense 1116
Utilities Heating Common, Electric Common, Hot Water Common
Water Sewer Expense 664
Year Built 1924
Zoning Description Residential-Multi-Family

Interior Features

Fuel Natural Gas
Street Suffix Avenue
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 1740
Inclusions Building, Land, Fixture/Equipment, Leases, Rental License
Lot Dimensions 60x142
Lot Size Area 0.2
Lot Size Units Acres
Parking Features Gravel
Water Source City Water/Connected
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55379

AVG $890K
AVG $7,960
AVG 56
Year Built
AVG 1948
AVG 68
Data Provided by Walkscore ® not using MLS data

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