1926 15th Avenue S, Minneapolis, MN 55404

$484,900
Property Type: Multi-Family Bedrooms: 5 Baths: 4 Square Footage: 2,603 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $484,900 List Date: 4/23/2026 Last Modified: 6/06/2026

Overview

Description

Turnkey 4-Unit in Prime Urban Corridor! Solid investment opportunity with major capital improvements already in place. This well-maintained fourplex features updated plumbing & electrical, newer windows and appliances, refreshed interiors including carpet, paint, and refinished floors. New electrical with separate panels (2020), vinyl siding (2019), windows (2014), chimney tuck-pointing with new caps (2022), new back railings (2023), and a sealed 4-stall parking lot (2025). Positioned just minutes from downtown & U.S. Bank Stadium, the U of M, light rail access, and a strong mix of retail, coffee, and daily conveniences.

Listing Details MLS# 7060996

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1885
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1221
Above Ground SqFt
2561
Below Grd Total SqFt
42
Total SqFt
2603
Foundation Size
1275
Style
(MF) Four Plex
Total Finished Sqft
2561.00
Power Company
Xcel Energy
Lot Dimensions
40x144
Acres
0.13
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Basement: Partial; Unfinished Construction Status: Previously Owned Exterior: Vinyl Foundation: Stone Fuel: Natural Gas Heating: Baseboard; Forced Air Laundry: None Lock Box Type: Supra Owner Pays: Electricity; Hot Water; Insurance; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Contract for Deed; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas Unit 1 Amenities: Walk-In Closet; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Ductless Mini-Split Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 2 Amenities: Hardwood Floors; Kitchen Window Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Living/Dining Room Unit 2 Special Search: All Living Fac. on One Level Unit 3 Amenities: Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: None Unit 3 Dining Room Description: Eat In Kitchen Unit 3 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 4 Amenities: Walk-In Closet; Hardwood Floors; Kitchen Window Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Upper Level Full Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Living/Dining Room Unit 4 Special Search: All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
499000
ListPrice
484900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1926
Street Name
15th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Cornells 3rd Add

Assessments

Tax With Assessments
7000
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2561

More Information

Income and Expenses

Annual Electric Expense
693
Annual Fuel Expense
671
Annual Gross Expenses
17116
Annual Gross Income
53340
Annual Insurance Expense
4041
Annual Net Income
36224
Annual Water/Sewer Expense
4703
Total Annual Expenses
17116
Annual Caretaker Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
MAAR
Supra
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
26
Township#
29

Unit 1

Furnished?
No
Leased?
No
Level
Main Level
Unit Number
Yes
Annual Rent
12900
Finished SqFt
674
Full Baths
Yes
Monthly Rent
1075
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 2

Furnished?
No
Lease Expiration Date
2026-09-30
Leased?
Yes
Level
2nd Level
Unit Number
2
Annual Rent
13740
Finished SqFt
721
Full Baths
Yes
Monthly Rent
1145
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 3

Furnished?
No
Lease Expiration Date
2027-07-31
Leased?
Yes
Level
Main Level
Unit Number
3
Annual Rent
14100
Finished SqFt
547
Full Baths
Yes
Monthly Rent
1175
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
4

Unit 4

Furnished?
No
Leased?
No
Level
2nd Level
Unit Number
4
Annual Rent
12420
Finished SqFt
619
Full Baths
Yes
Monthly Rent
1035
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
4

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 007 BLOCK 003 CORNELLS 3RD ADDN TO MPLS
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
1126
Property ID Number
2602924430113
Tax Year
2026
Tax Amount
7008
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Turnkey 4-Unit in Prime Urban Corridor! Solid investment opportunity with major capital improvements already in place. This well-maintained fourplex features updated plumbing & electrical, newer windows and appliances, refreshed interiors including carpet, paint, and refinished floors. New electrical with separate panels (2020), vinyl siding (2019), windows (2014), chimney tuck-pointing with new caps (2022), new back railings (2023), and a sealed 4-stall parking lot (2025). Positioned just minutes from downtown & U.S. Bank Stadium, the U of M, light rail access, and a strong mix of retail, coffee, and daily conveniences.
Directions
Franklin Ave to 15th Ave. North on 15th Ave to property.

Accessible

None
Yes

Basement

Partial
Yes
Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Stone
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes
Forced Air
Yes

Laundry

None
Yes

Owner Pays

Electricity
Yes
Hot Water
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Parking Characteristics

Parking Lot
Yes
Uncovered/Open
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Four
Yes

No. of Refrigerators

Four
Yes

Tenant Pays

Broadband
Yes
Cable TV
Yes
Electricity
Yes
Gas
Yes

Unit 1 Amenities

Walk-In Closet
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Ductless Mini-Split
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes
All Living Fac. on One Level
Yes

Unit 2 Amenities

Hardwood Floors
Yes
Kitchen Window
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Upper Level Full Bath
Yes

Unit 2 Cooling

None
Yes

Unit 2 Dining Room Description

Living/Dining Room
Yes

Unit 2 Special Search

All Living Fac. on One Level
Yes

Unit 3 Amenities

Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Bath Description

Main Floor Full Bath
Yes

Unit 3 Cooling

None
Yes

Unit 3 Dining Room Description

Eat In Kitchen
Yes

Unit 3 Special Search

Main Floor Bedroom
Yes
All Living Fac. on One Level
Yes

Unit 4 Amenities

Walk-In Closet
Yes
Hardwood Floors
Yes
Kitchen Window
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Bath Description

Upper Level Full Bath
Yes

Unit 4 Cooling

None
Yes

Unit 4 Dining Room Description

Living/Dining Room
Yes

Unit 4 Special Search

All Living Fac. on One Level
Yes
IDX
Listing Office: Coldwell Banker Realty - Lakes
Last Updated: June - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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