$749,900
1609 4th Street NE Minneapolis, MN 55413
For Sale MLS# 7005352
9 beds 5 baths 3,577 sq ft Multi-family
Details for 1609 4th Street NE
MLS# 7005352
Description for 1609 4th Street NE, Minneapolis, MN, 55413
$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis LocationThis well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis’ most vibrant neighborhoods is a must-see.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 9
Bathrooms: 5
Lot Size: 0.12 Acres
Square Feet: 3,577 sq ft
Year Built: 1900
Foundation: 1,453 sq ft
Stories: 2 Stories
Subdivision: Cutters Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 60
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement
Interior Features
Square Footage above: 3,577 sq ft
Basement: Unfinished, Shared Access, Storage/Locker
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Boiler, Natural Gas, Radiator
Exterior / Lot Features
Open Parking: 4
Parking Description: Assigned
Exterior: Brick/Stone
Roof: Age 8 Years or Less
Lot Dimensions: 40x135
Zoning: Residential-Multi-Family
Fencing: Chain Link, Full
Community Features
Association Amenities: Coin-op Laundry Owned
Driving Directions
Heading South on University Ave NE, Turn Left on 17th Ave NE, Turn Right on Fourth Street NE and the Destination is on Your Left
Financial Considerations
Tenant Pays: Electric
Owner Pays: Gas,Insurance,Lawn,Maintenance/Repair,Snow,Taxes,Trash
Gross Income: 85320
Tax/Property ID: 1402924210125
Tax Amount: 8676.24
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1609 4th Street NE
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1609 4th Street NE
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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