Updated
1143 15th Ave Se, Minneapolis, MN 55414
For Sale
$899,999
All four residences include in-unit laundry, new HVAC, updated cabinets and countertops, and stainless steel appliances.
Property Size3,960 SF
Price / SF$227.27
Days on Market8
Property Features for 1143 15th Ave Se
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
stainless steel appliances
Listing Agency:
Trustar Procurement LLC
(507) 261-8933
Listed By:
Sayaan Salim Shaikh
(612) 483-6807
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trustar Procurement LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,960-square-foot fourplex at 1143 15th Ave SE in Minneapolis contains four apartments, each with three bedrooms and one bathroom. Every unit has an in-unit washer and dryer, new HVAC, updated cabinets and countertops, and stainless steel appliances.
Key Highlights
- Four apartments, each with 3 bedrooms and 1 bathroom
- 3,960‑square‑foot fourplex at 1143 15th Ave SE in Minneapolis
- In‑unit washer and dryer in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,858
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,160
$1.2M
Cap Rate 7%
$826,543
$826.5K
Cap Rate 9%
$642,867
$642.9K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$87.9K $22.20/SF
− Vacancy
−$5.3K −$1.33/SF
EGI
$82.7K $20.87/SF
− OpEx
−$24.8K −$6.26/SF
NOI
$57.9K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,160
Cap Rate 7%
$826,543
Cap Rate 9%
$642,867
Alternative Uses
Best Use
Multifamily LT 5
$826.5K
$723.2K – $964.3K
NOI $57,858 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$759.2K
$664.3K – $885.7K
NOI $53,142 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$944.8K
$826.7K – $1.10M
NOI $66,134 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Minneapolis, MN
Properties on Market for Quadplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences include in-unit laundry, new HVAC, updated cabinets and countertops, and stainless steel appliances.
Where is this quadplex located?
The property is located at 1143 15th Ave Se Minneapolis, MN.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Four apartments, each with 3 bedrooms and 1 bathroom; 3,960‑square‑foot fourplex at 1143 15th Ave SE in Minneapolis; In‑unit washer and dryer in each apartment
