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$634,000

12 Beds 4 / 2 Full / Half Baths 5,542 SQFT 0.11 Acres
Type: Multi-Family

2121 13th Avenue S
Minneapolis, MN 55404

MLS#: 7105569
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: RE/MAX Results

Property Description

 

Turnkey 4-Plex Investment Opportunity, with a significant property tax savings 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 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 recently received new flooring and paint throughout. 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


 

Interior Features

Bedrooms

Total Bedrooms12

Bathrooms

Total Baths6

Other Interior Features

Above Grade Finished Area5,542 sqft
BasementStorage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelElectric, Natural Gas
Garage Square Feet0
Laundry FeaturesIn Basement, Common Area

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsFrom 39E take exit 9A for 12th St. Continue onto Hawthorn Ave. Turn right onto N 10th St. Turn left onto E 14th St. Turn right onto Chicago Ave. Turn left onto E Franklin Ave. Turn right onto 11th Av
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income77040
HeatingBaseboard, Boiler
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area5,542 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense19550
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameEliots Add
Tax Annual Amount$2,300
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1900

Exterior

Building Area Total7,446 sqft
Foundation Area1,944 sqft
Lot Dimensions45x114
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$634,000

12 Beds 4 / 2 Full / Half Baths 5,542 SQFT 0.11 Acres
Type: Multi-Family

2121 13th Avenue S
Minneapolis, MN 55404

MLS#: 7105569
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800