1016 Newton Avenue N
Minneapolis, MN 55411
$600,000 - 57
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.
Listing Courtesy of: RE/MAX Results
952-201-0420
| Listing Id: | 7135334 |
|---|---|
| List Price: | $600,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Active |
| Bedrooms Total: | 12 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 4,196 |
| Tax Annual Amount: | $0 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 57 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Oak Park Add |
| Postal Code: | 55411 |
| Year Built: | 1921 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 4,196 |
| Accessibility Features: | None |
| Basement: | Yes |
| Basement: | Block |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 4196 |
| Directions: | From HWY 55, north on Penn, right on oak park, property is on the right. |
| Foundation Area: | 2,112 |
| Fuel Expense: | 0 |
| Garage Spaces: | 0 |
| Gross Income: | $92,160 |
| Heating: | Forced Air |
| High School District: | Minneapolis |
| Insurance Expense: | $7,822 |
| Levels: | Two |
| Listing Contract Date: | 2026-09-29 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 5331.94 |
| Lot Size Dimensions: | 42.05x126.8 |
| Lot Size Units: | Square Feet |
| Assessment Pending: | Unknown |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Income Misc Ann: | $73,939 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Rental License Type: | Standard |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Operating Expense: | $18,221 |
| Owner Pays: | Insurance, Grounds Care, Snow Removal |
| Parcel Number: | 2102924220035 |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 21 |
| Public Survey Township: | 29 |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2024 |
| Tenant Pays: | Broadband, Cable TV, Electricity, Gas, Telephone |
| Trash Expense: | $1,800 |
| Water Sewer Expense: | $18,000 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 4196 |
| Below Grade Sq Ft Total: | 0 |
| Main Level Finished Area: | 2112 |
| Total Area: | 4,196 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| Rental License?: | Yes |
| School District Full Name: | 1 - Minneapolis |
| For Sale Or Lease: | For Sale |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
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Property Last Updated: October 08, 2026 04:59 PM - CT
