Minneapolis, MN 55413 1609 4th Street NE

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Presented By: RE/MAX Results
  • MLS# 6764199
  • 08/01/2025
  • Request Tour
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  • Beds • 9
  • Baths • 5
  • SQFT • 3,577

Home Details

$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis’ most vibrant neighborhoods is a must-see.
Presented By: RE/MAX Results

Interior Features for 1609 4th Street NE

Other Interior Features

Above Grade Finished Area3577
BasementShared Access, Storage/Locker, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
Foundation Dimensions29x52
FuelNatural Gas

General for 1609 4th Street NE

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
Carport Spaces
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CountyHennepin
DirectionsHeading South on University Ave NE, Turn Left on 17th Ave NE, Turn Right on Fourth Street NE and the Destination is on Your Left
Electric Expense500
Fuel Expense
Garage Spaces
Gross Income85320
HeatingBoiler, Radiator(s)
High School DistrictMinneapolis
Insurance Expense
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3577
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysGas, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCutters Add
Tax Annual Amount8676
Tax Year2025
Tenant PaysElectricity
Trash Expense0
Virtual TourClick here
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior for 1609 4th Street NE

Building Area Total4069
FencingChain Link, Full
Foundation Area1453
Lot Dimensions40x135
Lot Size Area0.12
Parking FeaturesAssigned
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $764,900
MLS#6764199
List Date 08/01/2025
Property Type Multi-Family
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