For Sale Multi-Family MLS# 7105569

2121 13th Avenue S

Minneapolis, MN 55404

$649,000

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About 2121 13th Avenue S

Turnkey 4-Plex Investment Opportunity, with a significant property tax savings in Minneapolis!

Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential.

Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit.

One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio.

Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1900
Stories
More Than 2 Stories
Living area
5,542 sqft
Price / sqft
$117
Lot
0.11
Original price
$649,000
MLS #
7105569

Interior

Features
Baseboard, Boiler, In Basement, Common Area, Storage Space, Unfinished
Heating
Baseboard, Boiler
Laundry
In Basement, Common Area

Exterior & lot

Features
Aluminum Siding
Construction
More Than 2 Stories, Brick/Mortar, Age 8 Years or Less
Roof
Age 8 Years or Less
Foundation
Brick/Mortar
Lot
3502924120078

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$2,300
Tax year
2026
Parcel
3502924120078

Location

Subdivision
Eliots Add
County
Hennepin
Neighborhood
Ventura Village
Community
Hennepin, Coin-op Laundry Owned, northstar, Minneapolis
Directions
From 39E take exit 9A for 12th St. Continue onto Hawthorn Ave. Turn right onto N 10th St. Turn left onto E 14th St. Turn right onto Chicago Ave. Turn left onto E Franklin Ave. Turn right onto 11th Ave S. Turn left onto 13th Ave. S to the 4-plex on the right.

Location

Neighborhood
Ventura Village
Subdivision
Eliots Add
School district
Minneapolis Public School District

Ask about this property

Questions on 2121 13th Avenue S, Minneapolis, MN 55404, or want to see it in person?

Listed by Michael Weber, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.