2535 Aldrich Avenue S,Minneapolis, MN 55405
Minneapolis, MN 55405
Description
This stately property combines the rich luxury of Victorian embellishments with important large scale modern upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Tremendous furnished short term or medium term rental income potential Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Immediate potential for 9000+/m normal long term rental income. Grosses over $100k/year.
Details
| MLS # | 7055953 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 73 |
| Listing Provided By | Keller Williams Realty Integrity Lakes | Paul A Olson |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 5,225 |
| Garage | 4 |
| Basement | Y |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.11 |
Interior
| Heating | Ductless Mini-Split, Forced Air, Hot Water, Radiant |
|---|
Exterior
| Roof | Age 8 Years or Less |
|---|---|
| Construction Materials | Frame |
| Lot Features | Public Transit (w/in 6 blks), Tree Coverage - Light |
Parking
| Parking Features | Detached Garage |
|---|
Taxes
| Property | 15137 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55405 |
| Area | 47 |
| Community Name | Twenty Fifth St Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Twenty Fifth St Add) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 5,225 low | high Med: 5,225 $ / sqft: $211 low | high Med: $211 On site: 73 low | high Med: 73 | |
Market Activity 55405
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55405 |
| Area | 47 |
| Community Name | Twenty Fifth St Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Twenty Fifth St Add) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 5,225 low | high Med: 5,225 $ / sqft: $211 low | high Med: $211 On site: 73 low | high Med: 73 | |
