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2015 2nd Avenue S, Minneapolis, MN 55404

Status: For Sale

4 units
2,390 sq ft 2 garage spaces

$439,900

$10,000 from List Price

WELCOME HOME

Get to know this property.

Great opportunity to own a well positioned fourplex in South Minneapolis with several recent exterior improvements already completed. The property features new window sashes, a newer roof, and a freshly redone stucco exterior, providing an updated appearance while addressing important long-term maintenance items. The boiler was also just replaced in 2023 alleviating several major concerns for the new owner. The four-unit property offers multiple income-producing units, with one unit currently vacant, providing flexibility for an owner-occupant, immediate leasing opportunity, or the ability to make updates and boost rent before placing a new tenant. Conveniently located in South Minneapolis near neighborhood amenities, parks, shopping, dining, and transportation. A solid opportunity for investors looking to add a multifamily property with recent exterior improvements to their portfolio.

The details that matter.

General Property Information for 2015 2nd Avenue S, Minneapolis, MN 55404 - MLS# 7151633
Bedrooms and Bathrooms
Total Bedrooms:
5
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1900
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
More Than 2 Stories
Total SqFt:
2,390
Total Fnsh'd SqFt:
2,390
Above Ground SqFt:
3,390
Finished Above Grade:
2,390
Below Ground SqFt:
1,125
Finished Below Grade:
0
Garage Stalls:
2
Garage SqFt:
400
Main Floor SqFt:
1,265
Approx Lot Dimensions:
50 X 127
Approx Number of Acres:
0.15
Income and Expenses
Gross Income:
$48,360
Total Expenses:
$0

A closer look at the location.

E. Franklin Ave to South on 2nd Ave 2015 will be on East side of street

This listing has been entered by the following office: IQ Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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