MLS#7028179
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONF A Savages Portland Ave Add
SCHOOLMinneapolis
Property Description
Well-maintained 8-unit brick apartment building located in the desirable Regina neighborhood within the Nokomis community of Minneapolis. Built in 1960, this two-story property offers 5,070 finished square feet and a highly rentable unit mix of seven 1-bedroom units and one studio/efficiency.Each unit features its own forced-air furnace, with residents paying their own heat ? a major operational advantage that helps control owner expenses. The building also includes coin-operated laundry for additional income and convenient off-street parking for tenants.Solid brick construction, individual mechanical systems, and a straightforward unit mix make this a stable, easy-to-manage asset. The property is also an ideal candidate for enrollment in the Minneapolis 4d Affordable Housing Program, offering the potential for a reduced property tax rate in exchange for maintaining qualifying affordable rents.Situated in a strong South Minneapolis location near parks, shopping, transit, and major corridors, this property appeals to long-term renters seeking convenience and neighborhood charm.Excellent opportunity for investors seeking steady cash flow with additional upside through tax optimization.Owner is a licensed agent but not the listing agent.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.24 Acres
Roof Type: Age 8 Years or Less, Pitched
Stories: 2.0
Taxes: $11,577
Year Built: 1960
Feature Descriptions
Appliances: Range, Refrigerator
Current Use: Residential
Days on Site: 4
Foundation Size: 2535
Lot: Tree Coverage - Light
Lot Dimensions: 80 x 129
Owners Expense: Exterior Maintenance, Grounds Care, Hot Water, Insurance, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 1002824440166
Parking: Asphalt
Sale Includes: Building, Leases
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas, Heat
Units: 8
Utilities: Electric Separate, Heating Separate, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Peritus Real Estate
Agency Phone: 612-554-7794
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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4525 4th Avenue S | MLS# 7028179
This commercial property located at 4525 4th Avenue S, Minneapolis, MN 55419 is currently listed for sale with an asking price of $1,025,000. 4th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on jhentges.homesbyjoel.com today.