Fully Renovated Fourplex Turn-Key Investment Opportunity Prime South Minneapolis Location Exceptional opportunity to own a recently renovated fourplex in the heart of South Minneapolis. This well-maintained multifamily property has undergone extensive interior and exterior improvements, making it a strong turn-key investment with additional value-add potential. The… Read More exterior has been completely refreshed, Improvements include brand-new siding, exterior paint, and new upper rear windows, along with a fully rebuilt upper balcony featuring new decking and flooring. The front porch flooring has been replaced and the stucco professionally restored, preserving the property’s character while enhancing durability. Common areas have also been updated with new carpeting on the stairways. Inside, the units have been thoughtfully remodeled, featuring new kitchens, updated bathrooms, new flooring, fresh paint, modern light fixtures, and efficient hot and cold mini-split systems. Each unit offers spacious layouts providing comfortable and functional living spaces. Major operational feature with four 75,000 BTU boilers, four high-capacity water heaters, four pressure tanks, updated electrical with split meters ideal management for owners. The property sits on a generous lot with off-street parking for up to 10 vehicles, a rare amenity in this central Minneapolis location. The building also includes two separate rear entrances in addition to the main front entry, providing convenient access for residents. There is also additional income potential, with the possibility of finishing the basement and installing coin-operated laundry machines, creating another revenue stream for investors. Located near parks, restaurants, shopping, public transportation, and major city routes, this property offers strong rental appeal and long-term investment potential. Read Less
Listing courtesy of National Realty Guild.
Listing Snapshot
Days Online
68
Last Updated
Property Type
Fourplex
Beds
8
Square Ft.
3,456
Lot Size
0.14 Acres
Year Built
1911
MLS Number
7032128
30 Days Snapshot Of 55407
$310k
+1%
(avg) sold price
32
+28%
homes sold
38
+192%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Block", "Full"
Building
Finished Area Above Grade: 3456, Area: 3456, Building Area: 3456, Construction Materials: "Block", "Post and Beam", "Concrete", "Stone", Levels: "Two", Year Built: 1911
Fence
Description: "None"
Foundation
Dimensions: 36x45x12x9x12x9x12x
Garage
Spaces: 0, Garage Dimensions: 0, Garage Door Height: 0, Garage Door Width: 0, Garage Square Feet: 0
Heating
Heating: "Baseboard", "Boiler"
Laundry
Description: "In Basement"
Parking
Carport Spaces: 0
Property
Present Use: Yearly
Roof
Description: "Asphalt"
Sewer
Sewer: "City Sewer/Connected"
Utilities
Water Source: "City Water/Connected", Fuel: "Natural Gas", Power Company Name: Xcel Energy
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Obvious Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. This data is updated ten (10) times daily. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listings courtesy of Regional Multiple Listing Service of Minnesota, Inc. as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This data is up-to-date as of . For the most current information, contact Obvious Real Estate, 612-750-1368, [email protected]
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