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$449,900

5 Beds 4 Baths 2,390 SQFT 0.15 Acres
Type: Multi-Family

2015 2nd Avenue S
Minneapolis, MN 55404

MLS#: 7151633
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: IQ Realty

Property Description

 

Great opportunity to own a well positioned fourplex in South Minneapolis with several recent exterior improvements already completed. The property features new window sashes, a newer roof, and a freshly redone stucco exterior, providing an updated appearance while addressing important long-term maintenance items. The boiler was also just replaced in 2023 alleviating several major concerns for the new owner. The four-unit property offers multiple income-producing units, with one unit currently vacant, providing flexibility for an owner-occupant, immediate leasing opportunity, or the ability to make updates and boost rent before placing a new tenant. Conveniently located in South Minneapolis near neighborhood amenities, parks, shopping, dining, and transportation. A solid opportunity for investors looking to add a multifamily property with recent exterior improvements to their portfolio.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,390 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet400
Laundry FeaturesIn Basement, Common Area

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Coin-op Laundry Owned, Porch
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsE. Franklin Ave to South on 2nd Ave 2015 will be on East side of street
ElectricCircuit Breakers
Electric Expense4359
Fuel Expense2579
Garage Spaces2
Gross Income48360
HeatingBoiler, Steam
High School DistrictMinneapolis
Insurance Expense4435
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area2,390 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense15389
OwnerPaysElectricity, Fuel, Sewer, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameRemingtons Add
Tax Annual Amount$8,204
Tax Year2026
Trash Expense0
Water Sewer Expense4016
Year Built1900

Exterior

Building Area Total4,515 sqft
FencingChain Link
Foundation Area1,125 sqft
Lot Dimensions50 X 127
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt
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

$449,900

5 Beds 4 Baths 2,390 SQFT 0.15 Acres
Type: Multi-Family

2015 2nd Avenue S
Minneapolis, MN 55404

MLS#: 7151633
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800