2420 4th Ave S - Apartments FOR SALE


Minneapolis, MN 55404- Whittier
$760,000 USD
651-900-4386
2420 4th Ave S, Minneapolis, MN for Sale
$760,000 USD
Apartments - FOR SALE
1/72
null | 6.56% Cap Rate

2420 4th Ave S
Minneapolis, MN 55404
Whittier


OVERVIEW

Five-unit building in Whittier, one of Minneapolis' highest-demand renter neighborhoods. Attractive walkable pocket just blocks from internationally recognized restaurants, Minneapolis College of Art & Design, and the local arts scene like the Minneapolis Institute of Art. With this central location close to 35W, 94, Uptown & Downtown, renters and managers have quick & easy access to the property. Four of the units are 2BR/1BA with an in-unit washer/dryer set, granite counters, gas stove, dishwasher, and central air. The building was fully renovated to code, and the major systems have been steadily replaced in the past 10 years: All Furnaces (2018) water heaters (2020), roof (2024) and updated electrical. The fifth unit (large studio) was added in 2021. Fire sprinkler system throughout. Two-car garage plus two off-street surface parking spots. RUBS already in place for partial utility recapture. Locking basement storage for each unit. Owners or managers can step into place and focus on cash flow, instead of planning major repairs in the near future with a property that was renovated the right way the first time on good bones. Great entry point for a newer investor who wants to own something that's actually been maintained & wants to maximize income. Contact Listing Agent directly at 651-998-9380 or david@mrgrealtypartners.com for additional information.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

5

PRICE/UNIT

$152,000

CAP RATE

6.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,632 SF

ZONING

R4

APN/PARCEL ID

34-029-24-14-0074

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.