4525 4Th Ave S Minneapolis, MN 55419
Well-maintained 8-unit apartment building in desirable Minneapolis location.
Property size:
5,070 SFProperty Features for 4525 4Th Ave S
General Information
- Standard status
- Active
- Size
- 5,070 SF
Building Details
- Year built
- 1960
Source:
Crexi
Listing Agency: Peritus Real Estate Listing Agent: John Stiles
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Minneapolis Multifamily Investment Opportunity
This well-maintained, two-story brick apartment building is located in the Regina neighborhood within the Nokomis community of Minneapolis. Constructed in 1960, the property features 5,070 finished square feet. The unit mix includes seven 1-bedroom units and one studio/efficiency. Each unit is equipped with its own forced-air furnace, with residents responsible for their own heat expenses. The building also offers coin-operated laundry facilities for additional income and convenient off-street parking for tenants. The property's solid brick construction, individual mechanical systems, and straightforward unit mix contribute to its stability and ease of management. The property is 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. The location in South Minneapolis provides convenient access to parks, shopping, transit, and major corridors, appealing to long-term renters seeking neighborhood charm. This property presents an excellent opportunity for investors seeking steady cash flow with additional upside through tax optimization.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2698616
- Latitude
- 44.9207826
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in desirable Minneapolis location.
Where is this apartment building located?
The property is located at 4525 4Th Ave S Minneapolis, MN.
What are key features of this property?
This property features: - Desirable Regina neighborhood location within the Nokomis community of Minneapolis.; - Highly rentable unit mix: **seven 1-bedroom units and one studio/efficiency.**; - Each unit has its own forced-air furnace, with tenants paying their own heat.
