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
| DO NOT ENABLE COMPLIANCE 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
Taxes
Visits
Year Built
Walkscore
In The Neighborhood
Minneapolis
$ 565,000
- Type
- Multi-Family
- Size
- 2,692 SqFt
- Rooms
- 5 Beds + 2 Baths
MRG Realty Partners, LLC
Minneapolis
$ 564,000
- Type
- Multi-Family
- Size
- 2,728 SqFt
- Rooms
- 4 Beds + 2 Baths
MRG Realty Partners, LLC
Minneapolis
$ 499,900
- Type
- Multi-Family
- Size
- 3,000 SqFt
- Rooms
- 6 Beds + 4 Baths
Coldwell Banker Realty
