2428 11th Avenue S, Minneapolis, MN 55404

$449,900
Property Type: Multi-Family Bedrooms: 10 Baths: 4 Square Footage: 5,968 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $449,900 List Date: 5/08/2026 Last Modified: 6/26/2026

Overview

Description

This large renovated 4-plex on quiet street near major hospitals, Lake St corridor, and downtown awaits you! Possibilities are endless, bring your ideas! Consider house hacking to jumpstart your investing and build generational wealth, creating Airbnbs for hospital guests or medium-term rentals for traveling nurses, or build out unfinished attic and basement for a 6-plex conversion and impressive cash flow! Building well maintained with numerous updates since 2020, including new roof, soffit and fascia, complete tuckpointing and painting of brickwork, new water heater, modernization of heating system, installation of large custom windows in front, and cosmetic turn-over of all units. Projected gross monthly rents surpass 5.5K, conservatively. Your future awaits; don’t let this one pass you by!

Listing Details MLS# 7069994

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
5077
Above Ground SqFt
5077
Below Grd Total SqFt
891
Total SqFt
5968
Foundation Size
1966
Style
(MF) Four Plex
Total Finished Sqft
3704.00
Lot Dimensions
39x129x39x129
Acres
0.12
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Full; Unfinished Construction Status: Previously Owned Exterior: Brick/Stone; Vinyl Foundation: None Fuel: Natural Gas Heating: Hot Water Lock Box Type: Combo Owner Pays: Gas; Sewer; Trash Collection; Water Road Frontage: City Street Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; VA; Other Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency
Inspection
Original List Price
474900
ListPrice
449900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2428
Street Name
11th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Cole & Weeks Rgt Brackett & Bovey

Assessments

Tax With Assessments
8773.72
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3704

More Information

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?
Yes
Unit Number
Yes
Annual Rent
16200
Finished SqFt
1164
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
4

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
3/4 Baths
Yes
Finished SqFt
1164
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
4

Unit 3

Furnished?
No
Leased?
Yes
Unit Number
3
3/4 Baths
Yes
Annual Rent
13800
Finished SqFt
760
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
4

Unit 4

Furnished?
No
Leased?
Yes
Unit Number
4
3/4 Baths
Yes
Annual Rent
14400
Finished SqFt
850
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
4

Unit Details

Total Units
4

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 007 COLE & WEEKS RGT BRACKETT & BOVEY
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
4400
Property ID Number
3502924240039
Tax Year
2026
Tax Amount
8773.72
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This large renovated 4-plex on quiet street near major hospitals, Lake St corridor, and downtown awaits you! Possibilities are endless, bring your ideas! Consider house hacking to jumpstart your investing and build generational wealth, creating Airbnbs for hospital guests or medium-term rentals for traveling nurses, or build out unfinished attic and basement for a 6-plex conversion and impressive cash flow! Building well maintained with numerous updates since 2020, including new roof, soffit and fascia, complete tuckpointing and painting of brickwork, new water heater, modernization of heating system, installation of large custom windows in front, and cosmetic turn-over of all units. Projected gross monthly rents surpass 5.5K, conservatively. Your future awaits; don’t let this one pass you by!
Directions
35W to Lake St. East to 12th Ave North to 25th St, West to 11th and North to home

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Full
Yes
Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Vinyl
Yes

Foundation

None
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Lock Box Type

Combo
Yes

Owner Pays

Gas
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Road Frontage

City Street
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
Other
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Income and Expenses

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

Tenant Pays

Electricity
Yes
IDX
Listing Office: RE/MAX Results
Last Updated: June - 26 - 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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