Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional featuresinclude basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.
| MLS # | 7082395 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 87 |
| Listing Provided By | Keller Williams Realty Integrity Lakes | Hannah Dahlstrom |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,277 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.14 |
| Heating | Forced Air |
|---|
| Roof | Flat, Rubber |
|---|---|
| Lot Features | Corner Lot |
| Parking Features | Detached Garage |
|---|
| Property | 8701 |
|---|
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Auditors Sub 049 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Auditors Sub 049) | |
Price: $500,000 low | high Med: $500,000 sqft: 3,277 low | high Med: 3,277 $ / sqft: $153 low | high Med: $153 On site: 87 low | high Med: 87 | |
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Auditors Sub 049 |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Auditors Sub 049) | |
Price: $500,000 low | high Med: $500,000 sqft: 3,277 low | high Med: 3,277 $ / sqft: $153 low | high Med: $153 On site: 87 low | high Med: 87 | |