Property Listing
Description
$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis’ most vibrant neighborhoods is a must-see.
Property Information
Status: Active
Sub Type: ********
List Price: $784,900
MLS#: 6764199
Current Price: $784,900
Address: 1609 4th Street NE, Minneapolis, MN 55413
City: Minneapolis
State: MN
Postal Code: 55413
Geo Lat: 45.004525
Geo Lon: -93.2612
Subdivision: Cutters Add
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 5227.2
Gen Tax: 8676.24
Specials Inst: 0
High School: ********
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Total SqFt.: 4069
Style: Array
Total Bedrooms: 9
Total Bathrooms: 5
Total Full Baths:
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Garage Stalls: 0
Waterfront:
Property Features
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