$747,500
$760,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
2420 4th AVE S Minneapolis, MN 55404
5,662 Sqft Lot
Key Details
Sold Price $747,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Hansons Twenty Fourth St Rgt
MLS Listing ID 7020069
Sold Date 05/21/26
Year Built 1912
Annual Tax Amount $12,729
Tax Year 2025
Contingent None
Lot Size 5,662 Sqft
Lot Dimensions 44 x 128 x 44 x 128
Property Description
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached Garage, Parking Lot
Garage Spaces 2.0
Utilities Available Electric Separate, Heating Separate
Present Use Residential
Building
Foundation 1900
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Minneapolis
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