2549 11th Avenue S, Minneapolis, MN 55404 - MLS# 7149877
$749,900
Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails.
• The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork.
• The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue.
• The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871).
Review the Offering Memorandum for full financial details.
Interior Information
Size & Levels
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 39% of occupied homes are owner-occupied, and the average commute is 21 minutes.
Cost of Ownership
Median home value
$263,100
Lower than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$2,465/yr
Lower than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$1,635/mo
Lower than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$905/mo
Higher than the Minneapolis median
Median monthly housing costs for owners without a mortgage.
Median rent
$1,403/mo
Similar to the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
39%
Lower than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1938
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2000-200911%
- 1980-19899%
- 1939 or earlier60%
Types of homes
The share of housing units in each building type.
- Single-family detached25%
- Townhome / attached7%
- 2-4 units30%
- 5+ units38%
Getting Around
Average commute
21 min
Similar to the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone58%
- Carpool10%
- Public transit9%
- Walk or bike7%
- Work from home13%
Homes with broadband
96%
Higher than Minneapolis overall
The share of households with a broadband internet subscription.
