2549 11th Avenue S Minneapolis, MN $ 749,900
2549 11th Avenue S
$ 749,900
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2549 11th Avenue S

Minneapolis, MN, 55404
$ 749,900
Bedrooms10 Baths5.0 Sq 3,822

Monthly Estimate*

$ 5,179

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Multi-Family Home for sale in Minneapolis, MN

for $749,900 with 10 bedrooms and 5 full baths. This 3,822 square foot home was built in 1902 on a lot size of 0.13.

Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. • The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. • The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue. • The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.

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Multi-Family Active

Price

$ 749,900

Bedrooms

10

Full Bath

5

Property Type

Multi-Family

Taxes

$ 9,324

Style

Fourplex

Lot Size

0.13

Year Built

1902

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7149877

Features
General
Living Area 3822
Sewer City Sewer/Connected
Heating Boiler
Garage Spaces 0
Year Built 1902
Electric Circuit Breakers
Tenant Pays Broadband Cable TV Electricity Lawn Care Telephone Snow Removal
Levels More Than 2 Stories
Property Subtype Fourplex
Tax Year 2026
Gross Income 78576
Accessibility None
County Hennepin
Net Operating Income 55301
Operating Expense 23275
Insurance Expense 4875
New Construction N
Property Type Residential Income
Association Amenities Coin-op Laundry Owned
Contingency None
MaintenanceExpense 500
Subdivision Name Elliotts Rgt Blks Brackett & Boveys
Directions Located on the corner of 26th St and 11th Ave S.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 9324
Electric Expense 276
Fuel Expense 3360
Trash Expense 0
Water Sewer Expense 4440
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Storage Space Unfinished
Basement (Y/N) Y
Above Grade Finished Area 3822
Laundry Features In Basement Common Area Laundry Room
Total Bedrooms 10
Below Grade Finished Area 0
Total Baths 5
Fuel Natural Gas
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Exterior
Parking Features Asphalt Shared Driveway Parking Lot Open
Water Source City Water/Connected
Lot Size Area 0.13
Building Area Total 4458
Lot Dimensions 42 x 127
Waterfront Y/N N
Foundation Area 1460
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Internal Only
Street Number 1 2549
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* Excluded Features
List By
Edina Realty, Inc.

Broker

bradedlefsen@edinarealty.com

Email

Affordability Calculator

$5,956
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,179
Monthly Property Taxes
$777
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
Pricing History
DatePricePrice ChangeDescription
10/9/2026$749,900 Listed Price

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2549 11th Avenue S, Minneapolis, MN, 55404 is a Multi-Family Home for sale at $749,900 with 3,822 sqft and a lot size of 0.13. 2549 11th Avenue S has 10 bedrooms, 5.0 baths, and was built in 1902. The property's zip code is 55404 which is in Minneapolis, MN