Turnkey 4-Plex Investment Opportunity, with a significant property tax savings 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 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 recently received new flooring and paint throughout.
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
Active
Price cut: $15K (9/22)
$634,000
2121 13th Ave S, Minneapolis, MN 55404
12beds
6baths
5,542sqft
Fourplex
Built in 1900
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
New metal sidingUpdated windowsNewer high efficiency boilersNew roofWater heaters
- 88 days
- 148
- 13
Zillow last checked:
Listing updated:
Listed by:
Michael Weber 612-382-0078,
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: $114/sqft
- Tax assessed value: $604,300
- Annual tax amount: $2,300
- Date on market: 7/19/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Price change | $634,000-2.3%$114/sqft |
Source: | ||
| 7/19/2026 | Listed for sale | $649,000+8.3%$117/sqft |
Source: | ||
| 7/11/2023 | Listing removed | -- |
Source: | ||
| 6/21/2023 | Price change | $599,000-3.4%$108/sqft |
Source: | ||
| 6/9/2023 | Listed for sale | $620,000+24%$112/sqft |
Source: | ||
| 6/3/2022 | Sold | $500,000+11.1%$90/sqft |
Source: | ||
| 4/14/2022 | Pending sale | $449,900$81/sqft |
Source: | ||
| 4/11/2022 | Listing removed | -- |
Source: | ||
| 4/5/2022 | Listed for sale | $449,900+1328.3%$81/sqft |
Source: | ||
| 6/15/1999 | Sold | $31,500$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,300 -57.8% | $604,300 +1.7% |
| 2025 | $5,455 +24.8% | $594,300 +19.6% |
| 2024 | $4,370 -47.1% | $497,000 -7.8% |
| 2023 | $8,253 +6664.8% | $539,000 |
| 2022 | $122 | -- |
| 2021 | $122 | -- |
| 2020 | $122 | -- |
| 2019 | $122 | -- |
| 2018 | $122 +8% | -- |
| 2017 | $113 | -- |
| 2016 | $113 -64.5% | -- |
| 2015 | $319 -1.2% | -- |
| 2014 | $323 +48.3% | -- |
| 2013 | $218 -96.7% | -- |
| 2012 | $6,623 +8.5% | $299,500 |
| 2011 | $6,107 +3.2% | $299,500 -9.9% |
| 2010 | $5,916 -1.1% | $332,500 |
| 2009 | $5,982 +3% | $332,500 -0.2% |
| 2006 | $5,810 +2.4% | $333,000 +7.9% |
| 2005 | $5,675 +9.2% | $308,500 +20% |
| 2004 | $5,198 -4.7% | $257,000 +15.2% |
| 2002 | $5,456 -42.8% | $223,000 |
| 2001 | $9,544 | -- |
Find assessor info on the county website
Monthly payment
Est. payment






