Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $1,150,000
MLS#: 7055953
Current Price: $1,150,000
Address: 2535 Aldrich Avenue S, Minneapolis, MN 55405
City: Minneapolis
State: MN
Postal Code: 55405
Geo Lat: 44.953372
Geo Lon: -93.290126
Subdivision: Twenty Fifth St Add
County: Hennepin
Property Description
Year Built: 1908
Lot Size SqFt: 4791.6
Gen Tax: 15137
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 3872
Below Grade Finished Area: 1353
Below Grade Unfinished Area:
Total SqFt.: 5312
Style: Array
Total Bedrooms: 11
Total Bathrooms: 5
Total Full Baths:
Garage Type:
Garage Stalls: 4
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: