1501 Logan Avenue N, Minneapolis, MN 55418
Local realty services provided by:ERA Prospera Real Estate
1501 Logan Avenue N,Minneapolis, MN 55418
$245,900
- 4 Beds
- 1 Baths
- 1,308 sq. ft.
- Single family
- Active
Listed by: moe mossa
Office: savvy avenue, llc.
MLS#:6818220
Source:NSMLS
Price summary
- Price:$245,900
- Price per sq. ft.:$114.69
About this home
Turnkey, fully updated investment property with a strong and stable tenant currently in year two of a 2-year lease running through September 1, 2026. The tenants have successfully completed the first year with consistent payment history, offering built-in reliability and reduced vacancy risk. This 4-bedroom home has undergone major capital improvements throughout, including ALL NEW plumbing, a new HVAC system installed by a licensed contractor, new window A/C units, new appliances, and a professionally completed, city-approved foundation repair. With these updates already taken care of, ongoing maintenance costs remain low for the next owner. The main level features separate living, dining, and family room areas, along with a flexible den/office. The clean semi-finished basement includes epoxy-coated floors and freshly painted walls, creating bright usable space with potential for future finishing. Situated on a deep 41×125 lot, the property offers a spacious yard and a full 2-car garage—features that support long-term tenant satisfaction and retention. Current lease generates $2,325/month, with tenants responsible for electricity, heat, and internet, while the owner pays only trash and water. Strong cash flow combined with extensive updates makes this a solid, low-maintenance addition to any investment portfolio. Tenant-occupied; lease transfers to new owner. Showings require coordination.
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Home facts
- Year built:1904
- Listing ID #:6818220
- Added:1 day(s) ago
- Updated:November 19, 2025 at 01:02 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,308 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air, Gravity Heating
Structure and exterior
- Roof:Asphalt, Pitched
- Year built:1904
- Building area:1,308 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$245,900
- Price per sq. ft.:$114.69
- Tax amount:$2,766 (2025)
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