Rare Opportunity in Northeast Minneapolis – Well-Maintained 4-Plex in the Heart of the Arts District. Don’t miss this exceptional investment opportunity in one of Minneapolis’ most sought-after neighborhoods. This solidly built 4-plex is ideally located in the vibrant Northeast Arts District—just steps from scenic walking and biking trails and some of the city’s most popular restaurants, cafes, and breweries. Owned and meticulously cared for by the same owner for over 50 years, this property offers lasting quality and peace of mind. The exterior features low-maintenance brick and stucco, while major updates include a new roof, gutters, soffit, and fascia completed in 2017. The boiler has been recently serviced by CenterPoint Energy. The building includes Three 2-bedroom, 1-bath units and One 1-bedroom, 1-bath unit. It also features aCoin-operated laundry in the basement for additional income. Whether you’re a seasoned investor or just getting started, this property offers reliable rental income in a high-demand location. Schedule your showing today—opportunities like this don’t last long!
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Street View
$700,000
135 16th Ave NE, Minneapolis, MN 55413
7beds
4baths
3,584sqft
Fourplex
Built in 1962
-- sqft lot
$700,200 Zestimate®
$195/sqft
$2,418 Estimated rent
Home value
$700,200
$644,000 - $763,000
$2,418/mo
Zestimate® history
Owner options
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$2,418/mo
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$2,418/mo
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$4,440/mo
Est. payment
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$4,440/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ronald J Long 952-210-4993,
RE/MAX Results,
Christopher D Long 612-636-9700
Bought with:
Paul Begich
Compass
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6713434
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Coin-op Laundry Owned
Features
- Basement: Daylight,Finished,Full,Storage Space
Interior area
- Total structure area: 3,584
- Total interior livable area: 3,584 sqft
- Finished area above ground: 1,792
- Finished area below ground: 1,792
Property
Parking
- Parking features: Asphalt, Parking Lot
- Details: Garage Dimensions (0x0)
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Fencing: None
Lot
- Size: 4,356 sqft
- Dimensions: 110 x 38
- Features: Corner Lot
Details
- Foundation area: 1792
- Parcel number: 1402924220150
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Z Demeules Sub Of Lts Bottineaus 2nd
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $700,000+7.7%$195/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6713434 Report a problem | ||
| 5/27/2025 | Pending sale | $650,000$181/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6713434 Report a problem | ||
| 5/8/2025 | Listed for sale | $650,000$181/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6713434 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,389 -2.2% | $483,000 +5% |
| 2024 | $8,574 -7.6% | $460,000 -14.2% |
| 2023 | $9,274 +27% | $536,000 -5% |
| 2022 | $7,302 +3.8% | $564,000 +34.9% |
| 2021 | $7,036 -4.3% | $418,000 |
| 2020 | $7,356 +4.5% | $418,000 +3.5% |
| 2019 | $7,036 -4.3% | $404,000 +18% |
| 2018 | $7,356 +28.8% | $342,500 +26.4% |
| 2017 | $5,712 +12.4% | $271,000 |
| 2016 | $5,080 -3.1% | $271,000 +7.5% |
| 2015 | $5,241 +2.5% | $252,000 |
| 2014 | $5,113 -7.6% | $252,000 |
| 2013 | $5,534 +2.8% | $252,000 |
| 2012 | $5,386 +4.8% | $252,000 |
| 2011 | $5,138 -6.3% | $252,000 -18.2% |
| 2010 | $5,481 -10.8% | $308,000 -9.8% |
| 2009 | $6,145 +4.7% | $341,500 +1.5% |
| 2006 | $5,870 -5.2% | $336,500 |
| 2005 | $6,190 +15.6% | $336,500 +11.2% |
| 2004 | $5,355 +1.7% | $302,500 +18.2% |
| 2002 | $5,265 -18% | $256,000 |
| 2001 | $6,417 | -- |
Find assessor info on the county website
Neighborhood: Sheridan
Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$700,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$700,200
- Minnesota
- Hennepin County
- Minneapolis
- 55413
- Sheridan
- 135 16th Ave NE
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