456 Buchanan Street NE, Minneapolis, MN 55413

New Listing
$519,000
Property Type: Multi-Family Bedrooms: 1 Baths: 1 Square Footage: 4,032 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $519,000 List Date: 6/14/2026 Last Modified: 6/14/2026

Overview

Description

Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property. Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal. Unit 1 - 672 sqft (1BR/1BA) – $1,000 Unit 2 - 588 sqft (1BR/1BA) – $950 Unit 3 - 672 sqft (2BR/1BA) – $1,050 Unit 4 - 588 sqft (2BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Garage Roof: New 2026 Boiler: New in 2013 Plumbing: PEX, 2013 Water Heaters: Replaced in 2013 ...

Listing Details MLS# 7087862

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1910
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1344
Above Ground SqFt
2688
Below Grd Total SqFt
1344
Total SqFt
4032
Foundation Size
1344
Style
(MF) Four Plex
Total Finished Sqft
2688.00
Garage Stalls
5
Lot Dimensions
39.30 X 131.00
Acres
0.12
Assessment Pending
Yes

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Electric: Fuses Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Radiant; Radiator Laundry: In Basement Lot Description: Corner Lot Owner Pays: Gas; Sewer; Trash Collection; Water Roof: Flat Sewer: City Sewer - In Street Stories: Two Tenant Pays: Broadband; Cable TV; Electricity Water: City Water - In Street

Contract Information

Contingency
None
Original List Price
519000
ListPrice
519000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
456
Street Name
Buchanan
Street Suffix
Street
Street Direction Suffix
NE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55413
Complex/Dev/Subdivision
Ramsey Lockwood & Others Add St Anth

Assessments

Assessment Installment
290.92
Tax With Assessments
8872
Assessment Balance
0

Basement

Foundation Dimensions
48x28
Concrete Block
Yes

More Information

Building Information

Finished SqFt Above Ground
2688

Income and Expenses

Annual Electric Expense
500
Annual Fuel Expense
2769
Annual Gross Expenses
20000
Annual Gross Income
48000
Annual Insurance Expense
2579
Annual Maintenance Expense
500
Annual Net Income
28000
Annual Repair Expense
500
Annual Trash Expense
2131
Annual Water/Sewer Expense
2000
Total Annual Expenses
20000
Annual Caretaker Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
800

Public Survey Info

Range#
24
Section#
13
Township#
29

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Annual Rent
12000
Finished SqFt
672
Full Baths
Yes
Monthly Rent
1000
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit Details

Total Units
4

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 015 RAMSEY LOCKWOOD & OTHERS ADDN ST ANTH
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
3853
Property ID Number
1302924340007
Tax Year
2025
Tax Amount
8571
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property. Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal. Unit 1 - 672 sqft (1BR/1BA) – $1,000 Unit 2 - 588 sqft (1BR/1BA) – $950 Unit 3 - 672 sqft (2BR/1BA) – $1,050 Unit 4 - 588 sqft (2BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Garage Roof: New 2026 Boiler: New in 2013 Plumbing: PEX, 2013 Water Heaters: Replaced in 2013 Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500
Directions
Southwest corner of Buchanan St NE and Spring St NE

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Electric

Fuses
Yes

Exterior

Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Radiant
Yes
Radiator
Yes

Laundry

In Basement
Yes

Lot Description

Corner Lot
Yes

Owner Pays

Gas
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Roof

Flat
Yes

Sewer

City Sewer - In Street
Yes

Stories

Two
Yes

Water

City Water - In Street
Yes

Tenant Pays

Broadband
Yes
Cable TV
Yes
Electricity
Yes

Documents

IDX
Listing Office: Lifestyles
Last Updated: June - 14 - 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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