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MLS: #7005352, Listed By: Christopher Long, RE/MAX Results, Source:FargoMoorhead Area Association of REALTORS

1609 4th Street

Minneapolis, MN 55413
Mark as Favorite
Bed 9

Bed

Bath 5

Bath

SqFt3,577

Sqft

Acres0.12

Acre(Lot)

$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location This 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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Detail Ic Property Details

Property Type : Residential Income

Price : $749,900

AD Id : 74167132

MLS Id : 7005352

Beds : 9

Lot Size : 0.12 Acre

Living Area Size : 3,577

Year Built : 1900

County : Hennepin

Subdivision: Wm Neal

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 5

    Room Information

    Has Basement: Yes Basement: Unfinished
  • Heating & Cooling

    Has Heating: Yes Heating: Radiant

  • Building Information

    Year Built: 1900 Building Area Total: 4069 Construction Materials: Brick Stories: 2 Patio And Porch Features: Deck, Front Porch, Patio Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 40x135 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2

    Property Information

    Subdivision: Cutters Add Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126

  • Listing Price Information

    Listing Price: $749900 Cash, Conventional

  • Tax Information

    Parcel Number: 1402924210125 Annual Tax: $8676.24

  • Parking Information

    Assigned
    Homeowners Association Information
    Association Amenities: Coin Laundry

  • Location Information

    Direction: Heading South on University Ave NE, Turn Left on 17th Ave NE, Turn Right on Fourth Street NE and the Destination is on Your Left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
620 Van Buren Street, Minneapolis, MN, 55413 $464,900 4 2 2,340 2,340 SqFt
616 Monroe Street, Minneapolis, MN, 55413 $385,000 5 3 2,151 2,151 SqFt
1715 6th Street, Minneapolis, MN, 55413 $365,000 4 2 1,700 1,700 SqFt
1123 5th Street, Minneapolis, MN, 55413 $475,000 4 2 2,160 2,160 SqFt
318 7th Avenue, Minneapolis, MN, 55413 $475,000 5 3 1,900 1,900 SqFt
349 15th Avenue, Minneapolis, MN, 55413 $585,000 5 4 2,748 2,748 SqFt
1419 University Avenue, Minneapolis, MN, 55413 $369,000 5 2 1,995 1,995 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/06/2026 @ 02:48

MLS: 7005352 LISTED BY: Christopher Long, RE/MAX Results 763-235-7000 SOURCE: FargoMoorhead Area Association of REALTORS

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