Minneapolis, MN 55404 2420 4th Avenue S

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Presented By: MRG Realty Partners, LLC
  • MLS# 7020069
  • 02/15/2026
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  • Garage • 2

Home Details

Five-unit building in Whittier, one of Minneapolis' highest-demand renter neighborhoods. Attractive walkable pocket just blocks from internationally recognized restaurants, Minneapolis College of Art & Design, and the local arts scene like the Minneapolis Institute of Art. With this central location close to 35W, 94, Uptown & Downtown, renters and managers have quick & easy access to the property. Four of the units are 2BR/1BA with an in-unit washer/dryer set, granite counters, gas stove, dishwasher, and central air. The building was fully renovated to code, and the major systems have been steadily replaced in the past 10 years: All Furnaces (2018) water heaters (2020), roof (2024) and updated electrical. The fifth unit (large studio) was added in 2021. Fire sprinkler system throughout. Two-car garage plus two off-street surface parking spots. RUBS already in place for partial utility recapture. Locking basement storage for each unit.  Owners or managers can step into place and focus on cash flow, instead of planning major repairs in the near future with a property that was renovated the right way the first time on good bones. Great entry point for a newer investor who wants to own something that's actually been maintained & wants to maximize income.
Presented By: MRG Realty Partners, LLC

Interior Features for 2420 4th Avenue S

Other Interior Features

Basement (Y/N)Yes
FuelNatural Gas

General for 2420 4th Avenue S

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseResidential
DirectionsFrom Franklin, south on 4th Ave to property
Garage Spaces2
Gross Income80616
HeatingForced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Net Operating Income49821
New ConstructionNo
Number Of Units Total5
Operating Expense30795
OwnerPaysSewer, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameHansons Twenty Fourth St Rgt
Tax Annual Amount12729
Tax Year2025
Tenant PaysElectricity, Gas
UtilitiesElectric Separate, Heating Separate
Year Built1912
Zoning DescriptionResidential-Multi-Family

Exterior for 2420 4th Avenue S

Foundation Area1900
InclusionsBuilding
Lot Dimensions44 x 128 x 44 x 128
Lot Size Area0.13
Parking FeaturesDetached Garage, Parking Lot
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $760,000
MLS#7020069
List Date 02/15/2026
Property Type Pending
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