2420 4th Avenue S, Minneapolis, MN 55404

Property Description

Five-unit building in Whittier, one of Minneapolis' highest-demand renter neighborhoods. Attractive walkable pocket just blocks from internationally recognized restaurants, Minneapolis College of Art & Design, and the local arts scene like the Minneapolis Institute of Art. With this central location close to 35W, 94, Uptown & Downtown, renters and managers have quick & easy access to the property.Four of the units are 2BR/1BA with an in-unit washer/dryer set, granite counters, gas stove, dishwasher, and central air. The building was fully renovated to code, and the major systems have been steadily replaced in the past 10 years: All Furnaces (2018) water heaters (2020), roof (2024) and updated electrical. The fifth unit (large studio) was added in 2021. Fire sprinkler system throughout.Two-car garage plus two off-street surface parking spots. RUBS already in place for partial utility recapture. Locking basement storage for each unit. Owners or managers can step into place and focus on cash flow, instead of planning major repairs in the near future with a property that was renovated the right way the first time on good bones.Great entry point for a newer investor who wants to own something that's actually been maintained & wants to maximize income.