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Neal Lawson

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

$ 1,175,000

Est. payment -/mo

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Active

2535 Aldrich AVE S Minneapolis, MN 55405

11 Beds

5 Baths

5,225 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,225 sqft

Price per Sqft $224

Subdivision Twenty Fifth St Add

MLS Listing ID 7055953

Bedrooms 11

Year Built 1908

Annual Tax Amount $15,137

Tax Year 2025

Contingent None

Lot Size 4,791 Sqft

Lot Dimensions 40x119

Property Sub-Type Fourplex

Property Description

Welcome to one of the most heavily updated and upgraded historic fourplexes in Minneapolis! This stately four-home property combines the rich luxury of it's original Victorian embellishments with important large scale upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Seller is willing to consider creative financing options, including seller financing, for qualified buyers.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Family Room Other

Basement Egress Window(s), Finished, Full, Shared Access, Storage Space

Interior

Heating Ductless Mini-Split, Forced Air, Hot Water, Radiant

Fireplace No

Laundry In Basement, Common Area, Lower Level, In Unit

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Fence Full

Roof Type Age 8 Years or Less

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story More Than 2 Stories

Foundation 1440

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Frame

New Construction false

Schools

School District Minneapolis

Listed by Paul Olson • Keller Williams Realty Integrity Lakes

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

2535 Aldrich AVE S Minneapolis, MN 55405

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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