2121 13th Avenue S, Minneapolis, MN 55404

$649,000
12
BD
6
BA
5,542
SqFt

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List Price
$649,000
MLS#
7105569
Status
ACTIVE
Type
Multifamily
Bedrooms
12
Bathrooms
6
Living Area
5,542
Acres
0.11
Subdivision
Eliots Add
Neighborhood
78
Year Built
1900

Property Description

Turnkey 4-Plex Investment Opportunity in Minneapolis! Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential. Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit. One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.

Additional Information

School District
Minneapolis
Amenities Shared
Coin-op Laundry Owned
Tax Year
2026
Fuel
Electric, Natural Gas
Sewer
City Sewer/Connected
Roof
Age 8 Years or Less
Heating
Baseboard, Boiler
Water
City Water/Connected
Basement
Storage Space, Unfinished

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Results.

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