New metal sidingUpdated windowsNewer high efficiency boilersNew roofWater heaters
Turnkey 4-Plex Investment Opportunity in Minneapolis!
Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential.
Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit.
One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio.
Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.
39 days
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231
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10
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Zillow last checked:
Listing updated:
Listed by:
Michael Weber612-382-0078,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7105569
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 6
Heating
Baseboard, Boiler
Appliances
Laundry: In Basement, Common Area, Coin-op Laundry Owned
Features
Basement: Storage Space,Unfinished
Interior area
Total structure area: 7,446
Total interior livable area: 5,542 sqft
Finished area above ground: 5,542
Finished area below ground: 0
Property
Accessibility
Accessibility features: None
Features
Levels: More Than 2 Stories
Lot
Size: 4,791 Square Feet
Dimensions: 45 x 114
Details
Foundation area: 1944
Parcel number: 3502924120078
Construction
Type & style
Home type: MultiFamily
Property subtype: Fourplex
Materials
Roof: Age 8 Years or Less
Condition
New construction: No
Year built: 1900
Utilities & green energy
Gas: Electric, Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Community & HOA
Community
Subdivision: Eliots Add
HOA
Amenities included: Coin-op Laundry Owned
Location
Region: Minneapolis
Financial & listing details
Price per square foot: $117/sqft
Tax assessed value: $594,300
Annual tax amount: $2,300
Date on market: 7/19/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/19/2026
Listed for sale
$649,000+8.3%$117/sqft
Source: NorthstarMLS as distributed by MLS GRID #7105569Report a problem
7/11/2023
Listing removed
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Source: NorthstarMLS as distributed by MLS GRID #6382398Report a problem
6/21/2023
Price change
$599,000-3.4%$108/sqft
Source: NorthstarMLS as distributed by MLS GRID #6382398Report a problem
6/9/2023
Listed for sale
$620,000+24%$112/sqft
Source: NorthstarMLS as distributed by MLS GRID #6382398Report a problem
6/3/2022
Sold
$500,000+11.1%$90/sqft
Source: NorthstarMLS as distributed by MLS GRID #6162200Report a problem
4/14/2022
Pending sale
$449,900$81/sqft
Source: NorthstarMLS as distributed by MLS GRID #6162200Report a problem
4/11/2022
Listing removed
--
Source: NorthstarMLS as distributed by MLS GRID #6162200Report a problem
4/5/2022
Listed for sale
$449,900+1328.3%$81/sqft
Source: NorthstarMLS as distributed by MLS GRID #6162200Report a problem