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$749,900

10 Beds 5 Baths 3,822 SQFT 0.13 Acres
Type: Multi-Family

2549 11th Avenue S
Minneapolis, MN 55404

MLS#: 7149877
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Edina Realty, Inc.

Property Description

 

Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. • The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. • The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue. • The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.


 

Interior Features

Bedrooms

Total Bedrooms10

Bathrooms

Total Baths5

Other Interior Features

Above Grade Finished Area3,822 sqft
BasementBlock, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area, Laundry Room

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
Carport Spaces0
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsLocated on the corner of 26th St and 11th Ave S.
ElectricCircuit Breakers
Electric Expense276
Fuel Expense3360
Garage Spaces0
Gross Income78576
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense4875
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,822 sqft
Lot Size UnitsAcres
MaintenanceExpense500
Net Operating Income55301
New ConstructionNo
Number Of Units Total4
Operating Expense23275
OwnerPaysCommon Area Maintenance, Exterior Maintenance, Gas, Insurance, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameElliotts Rgt Blks Brackett & Boveys
Tax Annual Amount$9,324
Tax Year2026
Tenant PaysBroadband, Cable TV, Electricity, Lawn Care, Telephone, Snow Removal
Trash Expense0
Water Sewer Expense4440
Year Built1902
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,458 sqft
Foundation Area1,460 sqft
Lot Dimensions42 x 127
Lot Size Area0 sqft
Parking FeaturesAsphalt, Shared Driveway, Parking Lot, Open
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

$749,900

10 Beds 5 Baths 3,822 SQFT 0.13 Acres
Type: Multi-Family

2549 11th Avenue S
Minneapolis, MN 55404

MLS#: 7149877
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800