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2535 Aldrich AVE S Minneapolis, MN 55405

Active
$1,100,000
2535 Aldrich AVE S Minneapolis, MN 55405
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2535 Aldrich AVE S, Minneapolis, MN 55405
2535 Aldrich AVE S, Minneapolis, MN 55405
2535 Aldrich AVE S, Minneapolis, MN 55405
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Daniel Linder

Daniel Linder

daniel.linder@exprealty.com +1(612) 597-5456
$1,100,000
Est. payment /mo
11 Beds
5 Baths
5,225 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,225 sqft

Price per Sqft $210

Subdivision Twenty Fifth St Add

MLS Listing ID 7055953

Bedrooms 11

Year Built 1908

Annual Tax Amount $15,137

Tax Year 2025

Contingent None

Lot Size 4,791 Sqft

Lot Dimensions 40x119

Property Sub-Type Fourplex

Property Description

This stately property combines the rich luxury of Victorian embellishments with important large scale modern 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. Tremendous furnished short term or medium term rental income potential 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. Immediate potential for 9000+/m normal long term rental income. Grosses over $100k/year.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Family Room Other

Basement Egress Window(s), Finished, Full, Shared Access, Storage Space

Interior

Heating Ductless Mini-Split, Forced Air, Hot Water, Radiant

Fireplace No

Laundry In Basement, Common Area, Lower Level, In Unit

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Fence Full

Roof Type Age 8 Years or Less

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

Story More Than 2 Stories

Foundation 1440

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Frame

New Construction false

Schools

School District Minneapolis


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Listed by Paul Olson • Keller Williams Realty Integrity Lakes

NEARBY SCHOOL & BUSINESS

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Daniel Linder

Daniel Linder

+1(612) 597-5456

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eXp Realty

Daniel Linder

+1(612) 597-5456 daniel.linder@exprealty.com

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