$625,000
Minneapolis, MN 55418
MLS# 6822815
8 beds | 4 baths | 5296 sqft
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Property Description
Well-maintained four-unit building in a prime Northeast Minneapolis location. Each spacious 2BR/1BA unit offers a functional layout, great natural light, and hardwood floors. The property has been thoughtfully cared for with newer boilers, updated electrical with exterior meters, and ongoing plumbing updates already completed. Fully rented with solid rental history, tenant-paid gas and electric, and efficient operating expenses. Kitchens and baths are clean and functional, with value-add potential for future rent increases. Includes off-street parking, a detached two-stall garage, and a clean basement for storage. Convenient to parks, restaurants, breweries, transit, and everything that makes Northeast a high-demand rental area. A strong opportunity for investors or owner-occupants looking for a stable building with upside. Hands down the best investment value in NE Minneapolis.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $625,000
Original List Price: 625000
ListPrice: 625000
List Date: 2025-12-17
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1922
Yearly/Seasonal: Yearly
Lot Dimensions: 125 x 50
Acres: 0.14
Main Floor Total SqFt: 1870
Below Grd Total SqFt: 1556
Above Ground SqFt: 3740
Total Finished Sqft: 3740.00
Foundation Size: 1870
Style: (MF) Four Plex
Garage Stalls: 2
Bedrooms: 8
Baths Total: 4
Total SqFt: 5296
Location, Tax and Other Information
Legal Description: LOT 030 WINDOM PARK ADDN TO MPLS
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1290
Property ID Number: 1202924240224
Tax Year: 2025
Tax Amount: 9940
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well-maintained four-unit building in a prime Northeast Minneapolis location. Each spacious 2BR/1BA unit offers a functional layout, great natural light, and hardwood floors. The property has been thoughtfully cared for with newer boilers, updated electrical with exterior meters, and ongoing plumbing updates already completed. Fully rented with solid rental history, tenant-paid gas and electric, and efficient operating expenses. Kitchens and baths are clean and functional, with value-add potential for future rent increases. Includes off-street parking, a detached two-stall garage, and a clean basement for storage. Convenient to parks, restaurants, breweries, transit, and everything that makes Northeast a high-demand rental area. A strong opportunity for investors or owner-occupants looking for a stable building with upside. Hands down the best investment value in NE Minneapolis.
Directions: From 35W N take Exit 20 for Johnson St. From Johnson St take a left on 26th Ave NE
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 9940
Basement
Concrete Block: 1
Building Information
Finished SqFt Above Ground: 3740
Construction Status
Previously Owned: 1
Exterior
Stucco: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Radiator: 1
Laundry
In Basement: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 576
Public Survey Info
Range#: 24
Section#: 12
Township#: 29
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 1166
Full Baths: 1
Total Rooms: 6
Annual Rent: 13992
Finished SqFt: 870
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 4
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 240
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 45780
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0
Tenant Pays
Cable TV: 1
Electricity: 1
Fuel: 1
Unit 1 Cooling
Wall: 1
Unit 1 Dining Room Description
Eat In Kitchen: 1
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 11400
Finished SqFt: 870
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2 Cooling
Wall: 1
Unit 3
Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 11988
Finished SqFt: 870
Full Baths: 1
Monthly Rent: 999
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 4
Furnished?: No
Leased?: Yes
Unit Number: 4
Annual Rent: 8400
Finished SqFt: 870
Full Baths: 1
Monthly Rent: 700
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Location Tax and Other Information
House Number: 1500
Street Name: 26th
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55418
Complex/Dev/Subdivision: Windom Park Add
Property Features
Accessible: None
Basement: Concrete Block
Construction Status: Previously Owned
Exterior: Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Radiator
Laundry: In Basement
Owner Pays: Sewer; Trash Collection; Water
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Fuel
Unit 1 Cooling: Wall
Unit 1 Dining Room Description: Eat In Kitchen
Unit 2 Cooling: Wall
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: December - 17 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.