Travis Hamele
travishamelebroker@chime.meUPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,577 sqft
Price per Sqft $219
Subdivision Cutters Add
MLS Listing ID 6764199
Year Built 1900
Annual Tax Amount $8,676
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40x135
Property Sub-Type Quadruplex
Property Description
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Shared Access, Storage/Locker, Unfinished
Interior
Heating Boiler, Radiator(s)
Fireplace No
Exterior
Parking Features Assigned
Fence Chain Link, Full
Roof Type Age 8 Years or Less
Building
Story Two
Foundation 1453
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
New Construction false
Schools
School District Minneapolis
Others
Virtual Tour https://wellcomemat.com/embed/5aj2e68f81cc1m9dv?mls=1
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Travis Hamele