4525 4th Avenue S,Minneapolis, MN 55419
Minneapolis, MN 55419
Description
Well-maintained 8-unit brick apartment building located in the desirable Regina neighborhood within the Nokomis community of Minneapolis. Built in 1960, this two-story property offers 5,070 finished square feet and a highly rentable unit mix of seven 1-bedroom units and one studio/efficiency. Each unit features its own forced-air furnace, with residents paying their own heat - a major operational advantage that helps control owner expenses. The building also includes coin-operated laundry for additional income and convenient off-street parking for tenants. Solid brick construction, individual mechanical systems, and a straightforward unit mix make this a stable, easy-to-manage asset. The property is also an ideal candidate for enrollment in the Minneapolis 4d Affordable Housing Program, offering the potential for a reduced property tax rate in exchange for maintaining qualifying affordable rents. Situated in a strong South Minneapolis location near parks, shopping, transit, and major corridors, this property appeals to long-term renters seeking convenience and neighborhood charm. Excellent opportunity for investors seeking steady cash flow with additional upside through tax optimization.Owner is a licensed agent but not the listing agent.
Details
| MLS # | 7028179 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 235 |
| Listing Provided By | Peritus Real Estate | John A Stiles |
Features
| SQ Feet | 5,070 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.24 |
Interior
| Heating | Forced Air |
|---|---|
| Appliances | Range, Refrigerator |
Exterior
| Roof | Age 8 Years or Less, Pitched |
|---|---|
| Lot Features | Tree Coverage - Light |
Parking
| Parking Features | Asphalt |
|---|
Utilities
| Utilities | Electric Separate, Heating Separate, Hot Water Common |
|---|
Taxes
| Property | 11577 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55419 |
| Area | 66 |
| Community Name | F A Savages Portland Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in F A Savages Portland Ave Add) | |
Price: $1,020,000 low | high Med: $409,900 sqft: 5,070 low | high Med: 1,590 $ / sqft: $201 low | high Med: $258 On site: 235 low | high Med: 16 | |
Market Activity 55419
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55419 |
| Area | 66 |
| Community Name | F A Savages Portland Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in F A Savages Portland Ave Add) | |
Price: $1,020,000 low | high Med: $409,900 sqft: 5,070 low | high Med: 1,590 $ / sqft: $201 low | high Med: $258 On site: 235 low | high Med: 16 | |
