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2224 4th Avenue N, Minneapolis, MN 55405

$295,000

Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 3,839 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $295,000 List Date: 7/07/2025 Last Modified: 7/26/2026

Overview

Description

This property offers the ideal opportunity for those seeking the best of city living with the added benefit of rental income. Located in a vibrant neighborhood just minutes from downtown, close to Theodore Wirth Park with 759 acres of park lake and the local farmer's market.

Listing Details MLS# 6739435

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 945
Above Ground SqFt: 2894
Below Grd Total SqFt: 945
Total SqFt: 3839
Foundation Size: 959
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1934.00
Acres: 0.11
Assessment Pending: No
Lot Dimensions: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Concrete Block; Full Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Stucco Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lock Box Type: Combo Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: Two Unit 1 Amenities: Porch Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 2 Appliances: Range; Refrigerator Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 350000
ListPrice: 295000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2224
Street Name: 4th
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405

Assessments

Tax With Assessments: 5500
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1934

More Information

Income and Expenses

Annual Electric Expense: 1200
Annual Fuel Expense: 2400
Annual Gross Expenses: 7600
Annual Gross Income: 28200
Annual Insurance Expense: 2500
Annual Net Income: 20600
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Combo: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 20
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 12000
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Annual Rent: 15000
Finished SqFt: 945
Full Baths: Yes
Monthly Rent: 1250
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 002 BLOCK 001 L H CLARKES ADDN TO MPLS S 104 3/4 FT
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1039
Property ID Number: 2002924410106
Tax Year: 2025
Tax Amount: 5500
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This property offers the ideal opportunity for those seeking the best of city living with the added benefit of rental income. Located in a vibrant neighborhood just minutes from downtown, close to Theodore Wirth Park with 759 acres of park lake and the local farmer's market.
Directions: Hwy 55 W, turn left on North Penn, turn right on 4th N to property

Accessible

None: Yes

Basement

Concrete Block: Yes
Full: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Stucco: Yes

Foundation

Brick/Mortar: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Unit 1 Amenities

Porch: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Listing Office: Edina Realty, Inc.

Last Updated: July - 26 - 2026

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