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2420 4th Ave S
Minneapolis, MN 55404
Multifamily Property For Sale
·
5 Units
Executive Summary
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.
Contact Listing Agent directly at 651-998-9380 or david@mrgrealtypartners.com for additional information.
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.
Contact Listing Agent directly at 651-998-9380 or david@mrgrealtypartners.com for additional information.
Property Facts
| Price Per Unit | $207,865 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.56% | Building Size | 4,800 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1912/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price Per Unit | $207,865 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2020 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 34-029-24-14-0074 | Improvements Assessment | $800,415 CAD |
| Land Assessment | $154,121 CAD | Total Assessment | $954,536 CAD |
Property Taxes
Parcel Number
34-029-24-14-0074
Land Assessment
$154,121 CAD
Improvements Assessment
$800,415 CAD
Total Assessment
$954,536 CAD
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