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Neal Lawson

nouse.neal@mndreamteam.com +1(612) 418-5892

$ 849,000

Est. payment -/mo

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Active

2316-18 Aldrich AVE S Minneapolis, MN 55405

5,634 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,634 sqft

Price per Sqft $150

Subdivision Browns Rgt Of Blks 6 & 7 Sunnyside

MLS Listing ID 6779599

Year Built 1900

Annual Tax Amount $10,669

Tax Year 2025

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 49.58x134.85

Property Sub-Type Quadruplex

Property Description

Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2 leases for $1,420/month through July 31, 2026. Unit 3 leases for $1,410/month and is a month-to-month contract. Unit 4 leases for $2,440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Full, Unfinished

Interior

Heating Boiler, Forced Air, Hot Water

Fireplace No

Exterior

Parking Features On-Street Parking Only

Building

Story More Than 2 Stories

Foundation 1836

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Wood Siding

New Construction false

Schools

School District Minneapolis

Others

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Listed by Gary Bennett • Lakes Area Realty

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

2316-18 Aldrich AVE S Minneapolis, MN 55405

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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