$1,175,000
2535 Aldrich Avenue S Minneapolis, MN 55405
For Sale MLS# 7055953
11 beds 5 baths 5,225 sq ft Multi-family
Details for 2535 Aldrich Avenue S
MLS# 7055953
Description for 2535 Aldrich Avenue S, Minneapolis, MN, 55405
Welcome to one of the most heavily updated and upgraded historic fourplexes in Minneapolis! This stately four-home property combines the rich luxury of it's original Victorian embellishments with important large scale 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. 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. Seller is willing to consider creative financing options, including seller financing, for qualified buyers.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 11
Bathrooms: 5
Lot Size: 0.11 Acres
Square Feet: 5,225 sq ft
Year Built: 1908
Foundation: 1,440 sq ft
Garage: Yes
Stories: More Than 2 Stories
Subdivision: Twenty Fifth St Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 24
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement, Common Area, Lower Level, In Unit
Interior Features
Square Footage above: 3,872 sq ft
Square Footage below: 1,353 sq ft
Basement: Egress Windows, Finished (Livable), Full, Shared Access, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Ductless Mini-Split, Radiant, Forced Air, Hot Water, Natural Gas
Exterior / Lot Features
Garage Spaces: 4
Parking Description: Detached Garage, Garage Dimensions - 40x20, Garage Door Height - 7, Garage Door Width - 16, Garage Sq Ft - 800.0
Exterior: Vinyl
Roof: Age 8 Years or Less
Lot Dimensions: 40x119
Zoning: Residential-Multi-Family
Fencing: Full
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Road Frontage - Street Lights, City, Curbs, Sidewalks
Community Features
Community Features: Other
Association Amenities: Common Laundry Facility, Common Garden, Patio, Porch, Deck
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2350
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 7
Unit 2 Units Total: 1
Unit 2 Actual Rent: 2350
Unit 2 Baths Total: 1
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 7
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1950
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 6
Unit 4 Units Total: 1
Unit 4 Actual Rent: 2100
Unit 4 Baths Total: 2
Unit 4 Beds Total: 3
Unit 4 Rooms Total: 7
Driving Directions
Lyndale Ave S to 25th St, West to Aldrich, South to property.
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Fuel,Gas,Heat
Owner Pays: Grounds Care,Trash,Water
Gross Income: 104400
Expense: 33000
Tax/Property ID: 3302924140168
Tax Amount: 15137
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Realty Integrity Lakes
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.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
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 2535 Aldrich Avenue S
Sales History
| Date | Price | |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2535 Aldrich Avenue S
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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.
Coming soon properties will soon be on the market, but are not yet available for showings.