2535 Aldrich Avenue S, Minneapolis, MN 55405
- $1,150,000
- 11
- BD
- 5
- BA
- 5,225
- SqFt
- List Price
- $1,150,000
- Price Change
- ▼ $25,000 1783709157
- MLS#
- 7055953
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 11
- Bathrooms
- 5
- Living Area
- 5,225
- Acres
- 0.11
- Subdivision
- Twenty Fifth St Add
- Neighborhood
- 47
- Year Built
- 1908
Property Description
Welcome to one of the most heavily updated and upgraded historic fourplexes in Minneapolis! This stately four-home property combines the rich luxury of it's original Victorian embellishments with important large scale upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Seller is willing to consider creative financing options, including seller financing, for qualified buyers.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Laundry, Common Garden, Deck, Patio, Porch
- Tax Year
- 2025
- Fencing
- Full
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Tree Coverage - Light
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less
- Shared Rooms
- Other
- Heating
- Ductless Mini-Split, Forced Air, Hot Water, Radiant
- Water
- City Water/Connected
- Basement
- Egress Window(s), Finished, Full, Shared Access, Storage Space
- Parking
- Detached Garage
- Garage Spaces
- 4
Mortgage Calculator
Listing courtesy of Keller Williams Realty Integrity Lakes.
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