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1609 4th Street NE, Minneapolis, MN 55413

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For Sale

$764,900

9 beds • 3,577 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $213.84
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis most vibrant neighborhoods is a must-see.
MLS# 6764199

Courtesy Of RE/MAX Results

(952) 829-2900

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Lot Size
    0.12 Acres

Map and Directions

Directions to 1609 4th Street NE, Minneapolis, MN 55413

Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atwood

(507) 663-1100
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.