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3101 E 24th Street, Minneapolis, MN 55406

New Listing

$895,000

Previous tenant Unit 1 living room space

Property Type: Multi-Family Bedrooms: 12 Baths: 4 Square Footage: 6,696 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $895,000 List Date: 6/29/2026 Last Modified: 6/29/2026

Overview

Description

Spacious fourplex in the Seward neighborhood! This massive fourplex has a true 3 bed and 1 bath each unit going from front to back! Both main level units have their own separate front & back entry. Each unit has their own front porch/balcony. Upper units share the back balcony. All units have the same floor plan and mirror each other. Each unit has access to control their own heat! It's how the boiler system was set up. Updates such as paint and some newer appliances installed to units through new ownership . Tons of parking in the back that can fit at least 8 cars. Coin-op washer, and free newer dryer to replace previous coin-op. Tenants are on year long leases and have renewed. All 4 units have 3 bedrooms and 1 full bathroom each! 3 storage units in the basement along with a huge owners storage unit. All units are fully leased!

Listing Details MLS# 7096745

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1905
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 2232
Above Ground SqFt: 4464
Below Grd Total SqFt: 2232
Total SqFt: 6696
Foundation Size: 2232
Style: (MF) Four Plex
Total Finished Sqft: 4464.00
Lot Dimensions: 40x134
Acres: 0.12
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned; Patio Basement: Concrete Block; Full; Unfinished Construction Materials: Concrete Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Stucco Fencing: None Foundation: Combination; Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: In Basement Lock Box Type: Supra Lot Description: Corner Lot Owner Pays: Hot Water; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Assigned Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; Heat Unit 1 Amenities: Ceiling Fan(s); Deck; Kitchen Window; Porch Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 2 Amenities: Porch Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 3 Amenities: Porch Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: None Unit 3 Dining Room Description: Separate/Formal Dining Rm Unit 4 Amenities: Porch Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Main Floor Full Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Separate/Formal Dining Rm Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 895000
ListPrice: 895000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 3101
Street Direction Prefix: E
Street Name: 24th
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Rgt Falls City Addn-Blks E-F-G-H-T &U

Assessments

Tax With Assessments: 12457
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 4464

More Information

Income and Expenses

Annual Electric Expense: 300
Annual Fuel Expense: 4500
Annual Gross Expenses: 12400
Annual Gross Income: 86850
Annual Insurance Expense: 4000
Annual Maintenance Expense: 400
Annual Net Income: 74450
Annual Trash Expense: 1350
Annual Water/Sewer Expense: 1350
Misc. Annual Income: 6000
Annual Caretaker Expense: 0
Annual Repair Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 31
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 20460
Finished SqFt: 1116
Full Baths: Yes
Monthly Rent: 1705
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 21660
Finished SqFt: 1116
Full Baths: Yes
Monthly Rent: 1805
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 21660
Finished SqFt: 1116
Full Baths: Yes
Monthly Rent: 1805
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 5

Unit 4

Furnished?: No
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Unit Number: 4
Annual Rent: 22800
Finished SqFt: 1116
Full Baths: Yes
Monthly Rent: 1900
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 008 BLOCK 002 RGT FALLS CITY ADDN-BLKS E-F-G-H-T &U
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 3102923230037
Tax Year: 2025
Tax Amount: 12457
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Spacious fourplex in the Seward neighborhood! This massive fourplex has a true 3 bed and 1 bath each unit going from front to back! Both main level units have their own separate front & back entry. Each unit has their own front porch/balcony. Upper units share the back balcony. All units have the same floor plan and mirror each other. Each unit has access to control their own heat! It's how the boiler system was set up. Updates such as paint and some newer appliances installed to units through new ownership . Tons of parking in the back that can fit at least 8 cars. Coin-op washer, and free newer dryer to replace previous coin-op. Tenants are on year long leases and have renewed. All 4 units have 3 bedrooms and 1 full bathroom each! 3 storage units in the basement along with a huge owners storage unit. All units are fully leased!
Directions: I-94 to Riverside Ave exit then head south to Franklin, turn left the right on 31st Ave S, then left on E 24th to property on corner.

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes
Patio: Yes

Basement

Concrete Block: Yes
Full: Yes
Unfinished: Yes

Construction Materials

Concrete: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Stucco: Yes

Fencing

None: Yes

Foundation

Combination: Yes
Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

In Basement: Yes

Lock Box Type

Supra: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Hot Water: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Assigned: Yes

Patio, Porch and Deck Features

Covered: Yes
Front Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Cash: 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

Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Deck: Yes
Kitchen Window: Yes
Porch: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Amenities

Porch: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 3 Amenities

Porch: 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

Separate/Formal Dining Rm: Yes

Unit 4 Amenities

Porch: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Main Floor Full Bath: Yes

Unit 4 Cooling

None: Yes

Unit 4 Dining Room Description

Separate/Formal Dining Rm: Yes

Listing Office: Engel & Volkers Minneapolis Downtown

Last Updated: June - 29 - 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.