Price Reduction
Address
3640 Aldrich Avenue S, Minneapolis, MN
Price
$ 889,000
Property Attributes
  • ID#6181240
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaRemingtons 2nd Add
  • NeighborhoodRemingtons 2nd Add
  • Zip55409
  • StyleQuadruplex
  • Year Built1960
  • Taxes$ 10472
  • Price$ 889,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3474
  • Lot Size5,227 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

Rare opportunity to buy this fourplex in Uptown blocks from Lake Bde Make Ska and Lake Harriet! All units will be leased by May 1st and have the same layout with 2 beds, 1 bath, Kitchen, & LR. Each has its own meter and tenants pay for electric. They all have a front and back entrance, updated appliances, some updated flooring, and new paint. Rents are $1300-$1500 depending on the unit, which are below market (rents can go up to $1800). Rare detached newer garage with a 3rd parking spot out back. Additionally, there's so much potential in the full unfinished basement to build instant equity; think space for an owner occupant, 5th unit, additional finished space to rent to existing tenants, it's limitless and ready to be finished. Coin-op laundry, utilities, and additional storage is also in the basement, which is accessed by the back entrance/staircase.

Price History
4/29/2022 Listed $1,000,000
7/17/2022 12% - $889,000

General Features

Accessibility None
Additional Parcels Y/N No
Association Amenities Coin-op Laundry Owned
Basement Block, Daylight/Lookout Windows, Full, Owner Access, Shared Access, Storage Space, Unfinished
City Minneapolis
Construction Materials Stucco
Contingency None
County Hennepin
Days on Market 78
Directions Take I-94 to the Lyndale Ave S to Aldrich Ave. S, the property will be on your right
Electric Circuit Breakers
Electric Expense 1200
Garage Spaces, Detached Garage 2
Grossincome 66600
Heating Baseboard, Hot Water
High School District Minneapolis
Insurance Expense 6720
Lender Owned No
Levels Two
New Construction No
Operatingexpense 11520
Ownerpays Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
Property SubType Quadruplex
Property Type Residential Income
Roof Age Over 8 Years, Asphalt
Sewer City Sewer/Connected
Standard Status Active
Street Name Aldrich
Subdivision Name Remingtons 2nd Add
Tax Annual Amount 10472
Tax Year 2022
Tenant Pays Cable TV, Electricity
Total Units 4
Water Sewer Expense 3600
Year Built 1960
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 3474
Fireplace Y/N No
Foundation Dimensions 60x28
Fuel Natural Gas
Garage Dimensions 22x20
Garage Door Width 7
Garage Square Feet 440
Green Certified Status Pending
SQFT Above Ground Total 3474.0000
SQFT Below Ground Total 1680.0000
SQFT Main Total 1744.0000
SQFT Total 5154.00
Street Suffix Avenue

Exterior Features

Living Area 3474
Foundationarea 1680
Lot Dimensions 42x129
Lot Size Area 0.12
Lot Size Units Acres
Parking Features Detached, More Parking Onsite for Fee, Storage
Road Frontage Type City Street
Road Responsibility Public Maintained Road
Water Source City Water/Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55409

Price
AVG $670K
$890K
Taxes
AVG $7,682
$10,472
Visits
AVG 59
109
Year Built
AVG 1935
1960
Walkscore
AVG 82
80
Data Provided by Walkscore ® not using MLS data

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