Minneapolis, MN 55405 2316-18 Aldrich Avenue S

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Presented By: Lakes Area Realty
  • MLS# 6779599
  • 09/04/2025
  • Request Tour
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  • Beds • 11
  • Baths • 5
  • SQFT • 5,634

Home Details

Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2 leases for $1,420/month through July 31, 2026. Unit 3 leases for $1,410/month and is a month-to-month contract. Unit 4 leases for $2,440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.
Presented By: Lakes Area Realty

Interior Features for 2316-18 Aldrich Avenue S

Other Interior Features

Above Grade Finished Area5634
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas

General for 2316-18 Aldrich Avenue S

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsWood Siding
ContingencyNone
CountyHennepin
DirectionsLyndale Ave N to 24th St west to Aldrich north to property.
Electric Expense327
Fuel Expense533
Garage Spaces
Gross Income75725
HeatingBoiler, Forced Air, Hot Water
High School DistrictMinneapolis
Insurance Expense3849
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area5634
Lot Size UnitsAcres
MaintenanceExpense800
New ConstructionNo
Number Of Units Total4
Operating Expense24220
OwnerPaysSewer, Trash Collection
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameBrowns Rgt Of Blks 6 & 7 Sunnyside
Tax Annual Amount10669
Tax Year2025
Tenant PaysCable TV, Electricity, Gas
Trash Expense1716
Virtual TourClick here
Water Sewer Expense3687
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior for 2316-18 Aldrich Avenue S

Building Area Total7470
Foundation Area1836
Lot Dimensions49.58x134.85
Lot Size Area0.15
Parking FeaturesOn-Street Parking Only
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $849,000
MLS#6779599
List Date 09/04/2025
Property Type Multi-Family
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