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2121 13th Avenue S, Minneapolis, MN 55404

New Listing

$649,000

Property Type: Multi-Family Bedrooms: 12 Baths: 6 Square Footage: 7,446 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $649,000 List Date: 7/19/2026 Last Modified: 7/19/2026

Overview

Description

Turnkey 4-Plex Investment Opportunity in Minneapolis! Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential. Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit. One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this ... (Read more)

Listing Details MLS# 7105569

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1944
Above Ground SqFt: 5542
Below Grd Total SqFt: 1904
Total SqFt: 7446
Foundation Size: 1944
Style: (MF) Four Plex
Total Finished Sqft: 5542.00
Lot Dimensions: 45x114
Acres: 0.11
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Basement: Storage Space; Unfinished Construction Status: Previously Owned Exterior: Aluminum Siding Foundation: Brick/Mortar Fuel: Electric; Natural Gas Heating: Baseboard; Boiler Laundry: Common Area; In Basement Roof: Age 8 Years or Less Sewer: City Sewer/Connected Unit 1 Amenities: Kitchen Window; Porch Unit 1 Appliances: Range; Refrigerator Unit 2 Amenities: Kitchen Window; Porch Unit 2 Appliances: Range; Refrigerator Unit 3 Amenities: Kitchen Window; Porch Unit 3 Appliances: Range; Refrigerator Unit 4 Amenities: Kitchen Window; Porch Unit 4 Appliances: Range; Refrigerator Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 649000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2121
Street Name: 13th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Eliots Add

Assessments

Tax With Assessments: 2300.36
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 5542

More Information

Income and Expenses

Annual Gross Expenses: 19550
Annual Gross Income: 77880
Total Annual Expenses: 19550
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 35
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Annual Rent: 16440
Finished SqFt: 901
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1370
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
1/2 Baths: Yes
Annual Rent: 22500
Finished SqFt: 1870
Full Baths: Yes
Monthly Expense: 200
Monthly Rent: 1875
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 7

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 16440
Finished SqFt: 901
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1370
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 4

Furnished?: No
Leased?: Yes
Unit Number: 4
1/2 Baths: Yes
Annual Rent: 22500
Finished SqFt: 1870
Full Baths: Yes
Monthly Expense: 200
Monthly Rent: 1875
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 7

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 006 ELIOTS ADDN TO MPLS S 1/3 LOTS 6 AND 7
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1337
Property ID Number: 3502924120078
Tax Year: 2026
Tax Amount: 2300.36
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Turnkey 4-Plex Investment Opportunity in Minneapolis! Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential. Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit. One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.
Directions: From 39E take exit 9A for 12th St. Continue onto Hawthorn Ave. Turn right onto N 10th St. Turn left onto E 14th St. Turn right onto Chicago Ave. Turn left onto E Franklin Ave. Turn right onto 11th Ave S. Turn left onto 13th Ave. S to the 4-plex on the right.

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Basement

Storage Space: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Aluminum Siding: Yes

Foundation

Brick/Mortar: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes

Laundry

Common Area: Yes
In Basement: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Unit 1 Amenities

Kitchen Window: Yes
Porch: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Amenities

Kitchen Window: Yes
Porch: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Amenities

Kitchen Window: Yes
Porch: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Amenities

Kitchen Window: Yes
Porch: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Listing Office: RE/MAX Results

Last Updated: July - 19 - 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.