2316 25th AVE S, Minneapolis, MN 55406
2316 25th AVE S, Minneapolis, MN 55406
2316 25th AVE S, Minneapolis, MN 55406
2316 25th AVE S, Minneapolis, MN 55406
2316 25th AVE S, Minneapolis, MN 55406
2316 25th AVE S, Minneapolis, MN 55406
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Tami Biegert

Tami Biegert

+1(612) 718-3876
$ 799,900
Est. payment | /mo

10 Beds

4 Baths

4,309 SqFt

Save
$ 799,900
Est. payment | /mo
Save

10 Beds

4 Baths

4,309 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,309 sqft

Price per Sqft $185

Subdivision Fair Ground Add

MLS Listing ID 7144916

Bedrooms 10

Year Built 1883

Annual Tax Amount $11,888

Tax Year 2026

Contingent None

Lot Size 8,276 Sqft

Lot Dimensions 47x179

Property Sub-Type Fourplex

Property Description

Prime investment opportunity in Minneapolis' sought-after Seward neighborhood! This well-maintained 4-unit property offers an excellent combination of strong cash flow, quality updates, and long-term upside, featuring 10 bedrooms and approximately $86K+ in annual gross rental income. With a stated NOI of $57,090, the property offers an attractive approximately 7.14% cap rate. Tenants pay gas and electric, helping control operating expenses. Each unit features in-unit laundry, central air, and high-efficiency HVAC. Additional highlights include 6 off-street parking spaces, a strong unit mix, and stabilized rental income. Significant renovations completed in 2019 provide added peace of mind and reduce near-term capital needs. A compelling opportunity for investors seeking a turnkey multifamily asset in a desirable Minneapolis neighborhood.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Crawl Space, Unfinished

Interior

Heating Forced Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Gravel

Fence None

Pool None

Roof Type Age 8 Years or Less,Asphalt

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story More Than 2 Stories

Foundation 1716

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

New Construction false

Schools

School District Minneapolis

Listed by Jason Reed • RE/MAX Results

Schools and Properties Nearby

Tami Biegert

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(612) 718-3876

tami@tamibiegert.com

10904 57th St NE, Albertville, MN 55301-4654, USA

Learn More About LPT Realty

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2316 25th AVE S