2316-18 Aldrich Avenue S, Minneapolis, MN 55405

Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
2316-18 Aldrich Avenue S,Minneapolis, MN 55405
$849,000
Virtual Tour
  • - Beds
  • - Baths
  • 5,634 sq. ft.
  • Multi-family
  • Active
Listed by: gary p bennett, michael olafson
Office: lakes area realty
MLS#:6779599
Source:NSMLS

Price summary

  • Price:$849,000
  • Price per sq. ft.:$113.65

About this home

Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2 leases for $1,420/month through July 31, 2026. Unit 3 leases for $1,410/month and is a month-to-month contract. Unit 4 leases for $2,440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.

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Home facts

  • Year built:1900
  • Listing ID #:6779599
  • Added:83 day(s) ago
  • Updated:November 27, 2025 at 05:43 AM

Rooms and interior

  • Living area:5,634 sq. ft.

Heating and cooling

  • Heating:Boiler, Forced Air, Hot Water

Structure and exterior

  • Year built:1900
  • Building area:5,634 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$849,000
  • Price per sq. ft.:$113.65
  • Tax amount:$10,669 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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