Minneapolis, MN 55412 4433 Aldrich Avenue N

Pending
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Presented By: Realty ONE Group Choice
  • MLS# 6764315
  • 08/03/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 2
  • SQFT • 2,010
  • Garage • 2

Home Details

Owner occupy is available after November 1st. This large 2-unit duplex on an oversized corner lot is a fantastic investment opportunity! Both units are fully occupied with long-term Leases, and it meets the 1 percent rule making it a smart choice for investors. The main level unit is 4 bed 1 bath and is currently leased for $1,995.00 a month. The upper unit is a 3 bed 1 bath and is currently leased for $1,550.00 a month. In total this is 7 beds and 2 baths with a total current rental income of $3,545.00 a month. The owner pays for City Water/Sewer and Trash service at an average cost of $275.00 a month. The Electric and Natural Gas utilities are metered separately and paid for by the Tenants. The property features recently refinished hardwood floors throughout, giving it a warm and inviting feel. The main level unit includes a washer and dryer in the unfinished basement, The unfinished basement also has a separate exterior entrance door "Great added value potential" with the possibility to add another unit or add more finished beds and bath for the main floor unit. The property has updated vinyl windows, a fenced yard, and a 2-stall garage with ample parking adding to the property's appeal. The location is ideal with easy access to the bus line and just a 10-minute drive downtown. Don’t miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area.
Presented By: Realty ONE Group Choice

Interior Features for 4433 Aldrich Avenue N

Other Interior Features

Above Grade Finished Area2010
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0
Foundation Dimensions30.5x21.5
FuelNatural Gas
Garage Dimensions20x24
Garage Square Feet480

General for 4433 Aldrich Avenue N

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsOther
ContingencyNone
CountyHennepin
Directions94 East to Lyndale Ave. South on Lyndale, right on 44th left on Aldrich, home is on your right.
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Garage Spaces2
Gross Income42600
HeatingBaseboard, Forced Air
High School DistrictMinneapolis
Insurance Expense
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2010
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense3000
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameS W Ponds Add
Tax Annual Amount4334
Tax Year2024
Tenant PaysElectricity, Gas
Trash Expense1000
Water Sewer Expense2000
Year Built1904

Exterior for 4433 Aldrich Avenue N

Building Area Total2665
FencingChain Link
Foundation Area655
Lot Dimensions134x68
Lot Size Area0.19
Parking FeaturesDetached
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $324,999
MLS#6764315
List Date 08/03/2025
Property Type Pending
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