Listed By
Agency Name: RE/MAX Results
Agency Phone: 763-235-7000
Shown By
Agent Name: Jeanne Hauser, Broker/Agent
Agent Phone: (651) 269-2987
Agency Title: Counselor Realty
Property Description
$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis LocationThis well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack's, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis' most vibrant neighborhoods is a must-see.
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1609 4th Street Ne, Minneapolis, MN 55413
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$ 4,933.00 per month $3,991.28 Principal & Interest $723.00 Property Tax $218.72 Homeowner's InsuranceChange Payment Information
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1609 4th Street Ne, Minneapolis, MN 55413
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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1609 4th Street Ne | MLS# 7005352
This multi-family property located at 1609 4th Street Ne, Minneapolis, MN 55413 is currently listed for sale with an asking price of $749,900. 4th Street Ne is located within the Minneapolis school district. Search Minneapolis real estate on jhauser.counselorrealty.com today.