MN > Minneapolis > Cutters Add
Minneapolis, MN 55413,1609 4th ST NE
Minneapolis, MN 55413,1609 4th ST NE
Minneapolis, MN 55413,1609 4th ST NE
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$764,900
Est. payment /mo
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3,577 SqFt
Active

1609 4th ST NE Minneapolis, MN 55413

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Corey Nicholas Collins

Corey Nicholas Collins

+1(612) 564-2491

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,577 sqft

Price per Sqft $213

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

$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.

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

Listed by Christopher Long • RE/MAX Results

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Corey Nicholas Collins

Corey Nicholas Collins

Agent | License ID: 20595053

+1(612) 564-2491

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1609 4th ST NE

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