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1016 Newton Avenue N Minneapolis, MN $ 585,000
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1016 Newton Avenue N
$ 585,000
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1016 Newton Avenue N

Minneapolis, MN, 55411
$ 585,000
Bedrooms12 Baths4.0 Sq 4,196

Monthly Estimate*

$ 4,040

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Multi-Family Home for sale in Minneapolis, MN

for $585,000 with 12 bedrooms and 4 full baths. This 4,196 square foot home was built in 1921 on a lot size of 0.122383.

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

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Multi-Family Active

Price

$ 585,000

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Fourplex

Lot Size

0.122383

Year Built

1921

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7135334
Features
General
Living Area 4196
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Year Built 1921
Tenant Pays Broadband Cable TV Electricity Gas Telephone
Levels Two
Property Subtype Fourplex
Tax Year 2024
Gross Income 92160
Accessibility None
County Hennepin
Operating Expense 18220.64
Insurance Expense 7821.96
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Oak Park Add
Directions From HWY 55 north on Penn right on oak park property is on the right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Trash Expense 1800
Water Sewer Expense 18000
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block
Basement (Y/N) Y
Above Grade Finished Area 4196
Total Bedrooms 12
Below Grade Finished Area 0
Total Baths 4
Fuel Natural Gas
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Exterior
Water Source City Water/Connected
Lot Size Area 5331.94
Building Area Total 4196
Lot Dimensions 42.05x126.8
Waterfront Y/N N
Foundation Area 2112
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Internal Only
Street Number 1 1016
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* Excluded Features
List By
Re/Max Results

Broker

tginsberg5840@gmail.com

Email

Affordability Calculator

$4,040
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,040
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/13/2026$585,000 -2.50% Price Down
9/29/2026$600,000 Listed Price

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1016 Newton Avenue N, Minneapolis, MN, 55411 is a Multi-Family Home for sale at $585,000 with 4,196 sqft and a lot size of 0.122383. 1016 Newton Avenue N has 12 bedrooms, 4.0 baths, and was built in 1921. The property's zip code is 55411 which is in Minneapolis, MN

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