$ 1,020,000
-
$1,020,000
Price -
5,070
SqFt -
0.24
Acre
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About the Listing 300056 - 502036876
Well-maintained 8-unit brick apartment building located in the desirable Regina neighborhood within the Nokomis community of Minneapolis. Built in 1960, this two-story property offers 5,070 finished square feet and a highly rentable unit mix of seven 1-bedroom units and one studio/efficiency. Each unit features its own forced-air furnace, with residents paying their own heat — a major operational advantage that helps control owner expenses. The building also includes coin-operated laundry for additional income and convenient off-street parking for tenants. Solid brick construction, individual mechanical systems, and a straightforward unit mix make this a stable, easy-to-manage asset. The property is also 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. Situated in a strong South Minneapolis location near parks, shopping, transit, and major corridors, this property appeals to long-term renters seeking convenience and neighborhood charm. Excellent opportunity for investors seeking steady cash flow with additional upside through tax optimization. Owner is a licensed agent but not the listing agent.
Listing Highlights
Interior Details
- Appliances: Range, Refrigerator
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Tree Coverage - Light
- Garage Capacity: N/A
- Lot Dimensions: 80 x 129
- Zoning: Residential-Multi-Family
- Roof: Age 8 Years or Less,Pitched
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Asphalt
Financial Details
- Tax Amount: $11,577
- Taxes w/Assessments: N/A
- Tax/Property ID: 1002824440166
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
4525 4th Ave S Minneapolis, MN 55419
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