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30103111
30103110

4525 4th Ave S, Minneapolis, MN 55419

JS
MN 40207306
Peritus Real Estate
Listed by Peritus Real Estate
$1,020,000
95 days on market
Updated 36 days ago

4525 4th Ave S

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,070
Units 8
Price per SqFt $201
Class C
Year Built 1960

Multifamily | 8 Units | $127,500/unit

Marketing 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,

Listing Contacts

JS
MN 40207306
Peritus Real Estate
Listed by Peritus Real Estate

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Additional Information

Name
John Stiles
License
40207306
Brokerage
William Robert
Brokerage Phone
952-934-0468
Brokerage Address
2400 County Road D West
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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