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For Sale:  Minneapolis MLS# 7149877

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Active NEW!
$749,900
/mo Edit
Multi-family:  Fourplex
10 br • 5 ba • Built 1902
3,822 sqft • 0.13 acres
Minneapolis schools
MLS# 7149877
763-576-8286
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    Property Description

    Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6, 548/month ($78, 576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. • The Space: 3, 822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. • The Bonus: An additional 1, 458 sq. ft. basement equipped with coin-operated laundry for extra revenue. • The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $749,900
    Price per sq ft: $196
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1902
    State: MN
    Property Style: Fourplex
    Zip Code: 55404
    Neighborhood/Area: 54
    Subdivision Name: Elliotts Rgt Blks Brackett & Boveys

    Interior

    Bedrooms: 10
    Bathrooms: 5
    Finished Area: 3,822 ft2
    Living Area: 3,822 ft2
    Basement Details:
    • Block
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,460 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Asphalt
    • Open
    • Parking Lot
    • Shared Driveway
    Shared Amenities: Coin-op Laundry Owned

    Rooms

    Laundry:
    • Common Area
    • In Basement
    • Laundry Room

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.955705, -93.258428
    Lot Dimensions: 42 x 127
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $276
    Annual Fuel Expense: $3,360
    Annual Insurance Expense: $4,875
    Annual Maintenance Expense: $500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $4,440
    Tenant Expenses: Broadband, Cable TV, Electricity, Lawn Care, Telephone, Snow Removal

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,324
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,324

    Income

    Annual Gross Income: $78,576
    Misc. Annual Income: $480
    Misc. Monthly Income: $40

    Rent

    Annual Net Income: $55,301

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.