2015 2nd Avenue S
Minneapolis, MN 55404
$449,900 - 84
Great opportunity to own a well positioned fourplex in South Minneapolis with several recent exterior improvements already completed. The property features new window sashes, a newer roof, and a freshly redone stucco exterior, providing an updated appearance while addressing important long-term maintenance items. The boiler was also just replaced in 2023 alleviating several major concerns for the new owner. The four-unit property offers multiple income-producing units, with one unit currently vacant, providing flexibility for an owner-occupant, immediate leasing opportunity, or the ability to make updates and boost rent before placing a new tenant. Conveniently located in South Minneapolis near neighborhood amenities, parks, shopping, dining, and transportation. A solid opportunity for investors looking to add a multifamily property with recent exterior improvements to their portfolio.
Listing Courtesy of: IQ Realty
218-428-8362
| Listing Id: | 7151633 |
|---|---|
| List Price: | $449,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Active |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 2,390 |
| Tax Annual Amount: | $8,204 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 84 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Remingtons Add |
| Postal Code: | 55404 |
| Year Built: | 1900 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 2,390 |
| Accessibility Features: | None |
| Association Amenities: | Laundry, Coin-op Laundry Owned, Porch |
| Basement: | Yes |
| Basement: | Unfinished |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 4515 |
| Directions: | E. Franklin Ave to South on 2nd Ave 2015 will be on East side of street |
| Electric: | Circuit Breakers |
| Electric Expense: | $4,359 |
| Fencing: | Chain Link |
| Foundation Area: | 1,125 |
| Fuel Expense: | 2579 |
| Garage Spaces: | 2 |
| Gross Income: | $48,360 |
| Heating: | Boiler, Steam |
| High School District: | Minneapolis |
| Insurance Expense: | $4,435 |
| Laundry Features: | In Basement, Common Area |
| Levels: | More Than 2 Stories |
| Listing Contract Date: | 2026-10-01 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.15 |
| Lot Size Dimensions: | 50 X 127 |
| Lot Size Units: | Acres |
| Assessment Pending: | No |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 400 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Power Company: | Xcel Energy |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Four |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $8,204 |
| Operating Expense: | $15,389 |
| Owner Pays: | Electricity, Fuel, Sewer, Trash Collection, Water |
| Parcel Number: | 3402924120013 |
| Parking Features: | Detached Garage, Asphalt |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 34 |
| Public Survey Township: | 29 |
| Roof: | Age 8 Years or Less, Asphalt |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Water Sewer Expense: | $4,016 |
| Water Source: | City Water/Connected |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 3390 |
| Below Grade Sq Ft Total: | 1125 |
| Main Level Finished Area: | 1265 |
| Total Area: | 4,515 |
| Exterior Features: | Stucco |
| Foundation Details: | Combination |
| School District Full Name: | 1 - Minneapolis |
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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
