Property

Minneapolis, MN 55404 2416 4th Avenue S

$449,000

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Presented By: Re/Max Advantage Plus
  • MLS# 6780431
  • 08/27/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 3,200

Home Details

Welcome to this turnkey 4-plex! This well-maintained property offers four 1-bedroom, 1-bathroom units, each featuring hardwood floors, a kitchen, and a confortable living area. Convenient parking includes four dedicated spaces behind the building, along with additional on-street options. Perfect for both new and seasoned investors, this property is ideally located near bus lines, dining, entertainment, downtown Minneapolis, and easy access to I-52 and I-94. With strong rental demand in the area and potential to increase rents, this 4-plex is a solid opportunity to expand or begin your investment portfolio. Buyer/Buyer's agent to verify all information and measurements.
Presented By: Re/Max Advantage Plus

Interior Features for 2416 4th Avenue S

Other Interior Features

Above Grade Finished Area3200
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
Garage Square Feet

General for 2416 4th Avenue S

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsFiber Board
ContingencyNone
CountyHennepin
DirectionsFrom Franklin, go South on 4th Avenue South, the property is on the Right side of the road.
Electric Expense
Fuel Expense
Garage Spaces
Gross Income56400
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense3000
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3200
Lot Size UnitsAcres
MaintenanceExpense2500
New ConstructionNo
Number Of Units Total4
Operating Expense9000
OwnerPaysNone
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount8663
Tax Year2025
Tenant PaysAll Utilities
Trash Expense0
Water Sewer Expense0
Year Built1914
Zoning DescriptionResidential-Multi-Family

Exterior for 2416 4th Avenue S

Building Area Total1600
Foundation Area1600
Lot Dimensions47x127x44x127
Lot FeaturesPublic Transit (w/in 6 blks), Some Trees
Lot Size Area0.13
Parking FeaturesAsphalt, Other
Road Frontage TypeCity Street
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $449,000
MLS#6780431
List Date 08/27/2025
Property Type Multi-Family
Phone (612) 309-4749
Request Tour
Request Info
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