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2316-18 Aldrich Avenue S, Minneapolis, MN 55405

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For Sale

$849,000

11 beds • 5,634 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $150.69
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2 leases for $1,420/month through July 31, 2026. Unit 3 leases for $1,410/month and is a month-to-month contract. Unit 4 leases for $2,440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.
MLS# 6779599

Courtesy Of Lakes Area Realty of Minneapolis

(612) 867-5624

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 2316-18 Aldrich Avenue S, Minneapolis, MN 55405

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.