About 2316-18 Aldrich Avenue S
Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2 leases for $1,420/month through July 31, 2026. Unit 3 leases for $1,410/month and is a month-to-month contract. Unit 4 leases for $2,440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.
Features of 2316-18 Aldrich Avenue S
| MLS® # | 6779599 |
|---|---|
| Price | $849,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,634 |
| Acres | 0.15 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Quadruplex |
| Status | Active |
Community Information
| Address | 2316-18 Aldrich Avenue S |
|---|---|
| Area | Lowry Hill East |
| Subdivision | Browns Rgt Of Blks 6 & 7 Sunnyside |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55405 |
Amenities
| Garages | On-Street Parking Only |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler, Forced Air, Hot Water |
|---|---|
| Fireplace | No |
Exterior
| Construction | Wood Siding |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 37 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Lakes Area Realty |
|---|