$535,000

1926 15th Avenue SMinneapolis, MN 55404

Type: Multi-Family

4 Units

Description

Fantastic 4-unit investment opportunity with tons of improvements throughout! Updated electrical with separate meters, updated appliances, new carpet, and refinished floors. Exterior work includes tree pruning, new front sidewalk and steps, vinyl siding replaced in 2019, chimneys tuck-pointed with new caps in 2022, and new back railings installed in 2023. Convenient 4-spot parking lot was sealed in 2022. Desirable location close to downtown & the US Bank stadium, groceries & coffee, boutique shops and the light rail!

MLS ID: 6534543

Directions: Franklin Ave to 15th Ave. North on 15th Ave to property.

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Property Details

Essential Details

MLS #: 6534543

Listing courtesy of: Coldwell Banker Realty

Price: $535,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 4

Annual Gross Income: $46,980

Operating Expense: $15,425

Annual Gross Expense: $15,425

Annual Electric Expense: $591

Annual Fuel Expense: $387

Annual Insurance Expense: $4,380

Annual Water/Sewer Expense: $3,192

Tenant Pays: Cable TV, Electricity, Gas

Owner Pays: Electricity, Insurance, Sewer, Taxes, Trash Collection

Parking Features: Parking Lot, Open

Building Details

Owner Occupied: No

Finished SqFt Total: 2,561

Finished Above Grade: 2,561

Fireplace: No

Construction Materials: Vinyl Siding

AccessibilityFeatures: None

Roof: Asphalt

Heating: Baseboard, Ductless Mini-Split, Forced Air

Style: Quadruplex

Foundation Area: 1,275

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Four

Number of Refrigerators: Four

Lot Details

Complex/Dev/Sub Name: Cornells 3rd Add

Lot Dimensions: 40x144

Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 26

Survey Township: 29

Taxes

Tax Year: 2024

Tax Amount: $5,775

Assessment Pending: No

Taxes w/Assessments: $5,775

This listing was last updated by Coldwell Banker Realty on 7/10/2024 at 6:26 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 10:25 pm.

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. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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