Rare opportunity to own a well-maintained, turnkey fourplex in a desirable location! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers exceptional value. Live in one unit while the rental income helps offset your mortgage and living expenses, or enjoy strong, consistent cash flow as a fully leased investment.
The property has maintained 100% occupancy over the past year with outstanding tenants and currently generates $5,800 per month in rental income. Each unit features two bedrooms plus a bright front sunroom, offering the flexibility to use the space as a home office, nursery, or potential third bedroom.
Recent updates include a new water heater, adding peace of mind for the next owner. Additional amenities include a private off-street parking lot, providing convenient parking for tenants.
This is a rare opportunity to purchase a move-in, rent-ready fourplex with a proven rental history and excellent income potential.
Active
$539,999
1508 E 26th St, Minneapolis, MN 55404
12beds
4baths
3,124sqft
Duplex Other
Built in 1913
-- sqft lot
$529,200 Zestimate®
$173/sqft
$-- HOA
What's special
Bright front sunroomPrivate off-street parking lot
- 16 days |
- 220 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Benjamin Jacobs 952-239-5340,
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7101570
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Boiler, Steam
Features
- Basement: Block,Unfinished
Interior area
- Total structure area: 3,124
- Total interior livable area: 3,124 sqft
- Finished area above ground: 3,124
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned, Concrete, Shared Driveway, Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 4,792 Square Feet
- Dimensions: 84.5 x 58
Details
- Foundation area: 1562
- Parcel number: 3502924130356
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Other
Condition
- New construction: No
- Year built: 1913
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Gales 1st Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $488,000
- Annual tax amount: $9,147
- Date on market: 6/30/2026
- Cumulative days on market: 109 days
- Tenant pays: Cable TV, Electricity, Fuel
Estimated market value
$529,200
$503,000 - $556,000
$1,763/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listed for sale | $539,999+9.5%$173/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7101570 Report a problem | ||
| 12/15/2021 | Sold | $493,000-3.1%$158/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6123243 Report a problem | ||
| 12/14/2021 | Pending sale | $509,000$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6123243 Report a problem | ||
| 11/8/2021 | Listed for sale | $509,000+39.6%$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6123243 Report a problem | ||
| 1/11/2018 | Sold | $364,500+203%$117/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4882022 Report a problem | ||
| 12/1/2010 | Sold | $120,300$39/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1693483 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,147 +13% | $488,000 +4.5% |
| 2024 | $8,094 +4.3% | $467,000 -7.7% |
| 2023 | $7,759 +7.5% | $506,000 +5% |
| 2022 | $7,220 +4% | $481,900 +13.4% |
| 2021 | $6,943 +5.1% | $425,000 |
| 2020 | $6,608 -4.8% | $425,000 +241.4% |
| 2019 | $6,943 +5.1% | $124,500 +41.2% |
| 2018 | $6,608 +42.1% | $88,200 -60.4% |
| 2017 | $4,650 +5.3% | $223,000 |
| 2016 | $4,417 -3.1% | $223,000 +18% |
| 2015 | $4,557 +18.8% | $189,000 |
| 2014 | $3,836 -3% | $189,000 +5% |
| 2013 | $3,953 +8.8% | $180,000 +5.9% |
| 2012 | $3,633 -14.8% | $170,000 -18.7% |
| 2011 | $4,262 -1% | $209,000 -13.6% |
| 2010 | $4,306 -7.8% | $242,000 -6.7% |
| 2009 | $4,669 +9.9% | $259,500 +6.6% |
| 2006 | $4,248 +4.3% | $243,500 +9.9% |
| 2005 | $4,075 +2.1% | $221,500 +14.8% |
| 2004 | $3,993 +9.3% | $193,000 +30% |
| 2002 | $3,653 -11.8% | $148,500 |
| 2001 | $4,142 | -- |
Find assessor info on the county website
Monthly payment
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Neighborhood: Midtown Phillips
Nearby schools
GreatSchools rating
- NAAndersen CommunityGrades: PK-8Distance: 0.3 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.8 mi
- NAFolwell Arts MagnetGrades: PK-8Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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