720 S 2nd Ave, Sioux Falls, SD 57104
Property image
Property image
OFF MARKET

720 S 2nd Ave
Sioux Falls, SD 57104

All Saints
  • Studio
  • 8,512 sqft (on 0.73 acres)

$1,131,600

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $6,845/mo*
Refinance Your Home

$1,131,600

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $6,845/mo*
Refinance Your Home
Studio
8,512 sqft
(on 0.73 acres)

Local Information

  • Map ViewExplore the area around 720 S 2nd Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

J & M Real Estate Group, Inc is pleased to present the opportunity to acquire 2nd Ave. Apartments, 12 unit property. Two identical buildings with 6 units in each building, and a common driveway in between. Eight 2 bedroom units and four 1 bedroom units. Parking in the back of the property in 2 carport structures. Offered at $88,000 per door, and a Gross Multiplier of 10.2. These apartments have a proven track record of consistent rent increases and tenant retention. 2nd Avenue Apartments have ample opportunity to increase rents based on the current market conditions in and around the Sioux Falls area. The property appeals to a diverse group of residents, including young professionals, families and seniors due to it's proximity to public transportation, minutes from downtown and the serene neighborhood tucked away in the a quaint historical neighborhood that is sure to grow in charm year after year.
720 S 2nd Ave, Sioux Falls, SD 57104 is a studio, 8,512 sqft multi-family in All Saints, built in 1967. It last sold for $984,000 on Mar 15, 2024 (25% below the $1,320,000 asking price). It is currently off market. The Trulia Estimate is $1,131,600, with a rent estimate of $790/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 720 S 2nd Ave

Interior Features

Interior Details
Basement: Full
Dimensions and Layout
Living Area: 8512 Square Feet
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Entry Location: PrivateFloors: Carpet, Laminate, Vinyl
Security
Security: Security Lights, Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Other
Parking & Garage
No CarportParking: Detached
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1967
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: HardiPlank Type, Wood Siding
Property Information
Parcel Number: 032581

Price & Status

Price
List Price: $1,320,000
Status Change & Dates
Off Market Date: Thu Mar 21 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Sold - Sold

Location

Direction & Address
City: Sioux FallsCommunity: Gales 6th Addn
School Information
Elementary School: Lowell ESElementary School District: Sioux FallsJr High / Middle School: Patrick Henry MSJr High / Middle School District: SiouxFallsHigh School: Lincoln HSHigh School District: SiouxFalls

Building

Building Area
Building Area: 8624 Square Feet

Lot Information

Lot Area: 0.73 acres

Offer

Listing Terms: Conventional

Rental Terms, Policies & Fees

Owner Pays: Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water

Miscellaneous

BasementMls Number: 22400278
Last check for updates: about 13 hours ago
Listed by Kim A Leif
J & M Real Estate Group
Brandi L Jorgensen
J & M Real Estate Group
Bought with: Brad D Benson, (605) 427-7777
Source: Realtor Association of the Sioux Empire, MLS#22400278

Price History for 720 S 2nd Ave

DatePriceEventSource
11/12/2025$1,056,000ListingRemovedRealtor Association of the Sioux Empire #22302535
03/15/2024$984,000Sold
Realtor Association of the Sioux Empire #22400278
10/20/2023$1,056,000PriceChange
Realtor Association of the Sioux Empire #22302535
10/02/2023$1,100,000PriceChange
Realtor Association of the Sioux Empire #22302535
09/12/2023$1,140,000PriceChange
Realtor Association of the Sioux Empire #22302535
08/03/2023$1,200,000PriceChange
Realtor Association of the Sioux Empire #22302535
07/10/2023$1,295,000PriceChange
Realtor Association of the Sioux Empire #22302535
05/03/2023$1,320,000Listed For SaleRealtor Association of the Sioux Empire #22302535

Market trends in Sioux Falls

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$323K
$6.67KMoM
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$190
$4MoM
Available listings
1005
48MoM
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Comparable Sales for 720 S 2nd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
316 E 15th St, Sioux Falls, SD
0.07
Multi-Family Home
$515,000
04/29/26
-
4,590
1000 S Summit Ave, Sioux Falls, SD
0.67
Multi-Family Home
$1,000,000
10/22/25
-
12,696
719 S 2nd Ave, Sioux Falls, SD
0.04
Multi-Family Home
$200,000
04/23/26
-
1,984
215 E 14th St, Sioux Falls, SD
0.12
Multi-Family Home
$275,000
03/18/26
-
2,358
609 S 2nd Ave, Sioux Falls, SD
0.10
Multi-Family Home
$275,000
03/18/26
-
2,112
709 S Phillips Ave, Sioux Falls, SD
0.19
Multi-Family Home
$365,000
09/16/25
-
1,980
605 S Spring Ave, Sioux Falls, SD
0.49
Multi-Family Home
$200,000
11/20/25
4
3
1,836
608 S Walts Ave, Sioux Falls, SD
0.74
Multi-Family Home
$262,500
04/10/26
-
2,480
617 S Walts Ave, Sioux Falls, SD
0.78
Multi-Family Home
$224,000
04/22/26
-
2,062

Nearby homes

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Assigned Schools

These are the assigned schools for 720 S 2nd Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

All Saints
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about All Saints

At least 14 Trulia users voted on each feature.

  • 88 % Say it's walkable to restaurants

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 72 % Say it's quiet

  • 68 % Say it's dog friendly

  • 67 % Say people would walk alone at night

  • 67 % Say it's walkable to grocery stores

  • 65 % Say streets are well-lit

  • 61 % Say neighbors are friendly

  • 60 % Say kids play outside

  • 53 % Say car is needed

  • 47 % Say yards are well-kept

  • 35 % Say they plan to stay for at least 5 years

  • 29 % Say there are community events

  • 19 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Suzy R.
    "McKennan Park is one of the most sought after neighborhoods in Sioux Falls. Stately historic homes, one quarter block to the park, music and family activities all summer, sports, beautiful gardens and lots of picnic possibilities. Pet lovers paradise. Something for everyone."
    2
    Flag
  • tamijo26
    "I live in this neighborhood and it is very unclean, there are teenagers that have no respect for other peoples property or things on that property. I you are looking to buy a house on Dakota Ave, go further south!!"
    3
    Flag
  • Robert D.
    "Its close to everything but may be to close to downtown."
    0
    Flag

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Homes for sale near 720 S 2nd Ave

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Off Market Homes Near 720 S 2nd Ave

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.