1609 4th Street Ne, Minneapolis, MN 55413
Local realty services provided by:ERA Gillespie Real Estate
1609 4th Street Ne,Minneapolis, MN 55413
$749,900
- 9 Beds
- 5 Baths
- 3,577 sq. ft.
- Multi-family
- Active
Listed by: christopher d long, ronald j long
Office: re/max results
MLS#:7005352
Source:NSMLS
Price summary
- Price:$749,900
- Price per sq. ft.:$209.64
About this home
$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location
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....
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Home facts
- Year built:1900
- Listing ID #:7005352
- Added:74 day(s) ago
- Updated:March 29, 2026 at 12:04 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:5
- Basement:Yes
- Basement Description:Shared Access, Storage/Locker, Unfinished
- Living area:3,577 sq. ft.
Heating and cooling
- Heating:Boiler
Structure and exterior
- Roof:Age 8 Years or Less
- Year built:1900
- Building area:3,577 sq. ft.
- Lot area:0.12 Acres
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$749,900
- Price per sq. ft.:$209.64
- Tax amount:$8,676 (2025)
Features and amenities
- Laundry features:Coin-op Laundry Owned
Parking
- Parking description:Assigned
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