2549 11th Avenue S, Minneapolis, MN 55404 (MLS# 7149877)

2549 11th Avenue S, Minneapolis, MN 55404

New Listing
$749,900
Property Type: Multi-Family Bedrooms: 10 Baths: 5 Square Footage: 4,458 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $749,900 List Date: 10/09/2026 Last Modified: 10/10/2026

Overview

Description

Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. • The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. • The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue. • The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.

Listing Details MLS# 7149877

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1902
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1458
Above Ground SqFt
3000
Below Grd Total SqFt
1458
Total SqFt
4458
Foundation Size
1460
Style
(MF) Four Plex
Total Finished Sqft
3822.00
Lot Dimensions
42 x 127
Acres
0.13
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Basement: Concrete Block; Storage Space; Unfinished Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: Common Area; In Basement; Laundry Room Owner Pays: Common Area Maintenance; Exterior Maintenance; Gas; Insurance; Repairs; Roof Maintenance; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Driveway - Shared; Uncovered/Open Rental License Type: Standard Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Broadband; Cable TV; Electricity; Lawn; Snow Removal; Telephone Unit 1 Amenities: Deck Unit 1 Appliances: Cooktop; Freezer; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 2 Amenities: Porch Unit 2 Appliances: Cooktop; Freezer; Range; Refrigerator Unit 2 Bath Description: Full Primary Unit 2 Cooling: Window Unit 3 Amenities: Balcony Unit 3 Appliances: Cooktop; Dishwasher; Freezer; Range; Refrigerator Unit 3 Cooling: Window Unit 4 Amenities: Kitchen Center Island; Wet Bar Unit 4 Appliances: Cooktop; Dishwasher; Freezer; Range; Refrigerator Unit 4 Cooling: Window Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
749900
ListPrice
749900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2549
Street Name
11th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Elliotts Rgt Blks Brackett & Boveys

Assessments

Tax With Assessments
9324

Building Information

Finished SqFt Above Ground
3822

More Information

Income and Expenses

Annual Electric Expense
276
Annual Fuel Expense
3360
Annual Gross Income
78576
Annual Insurance Expense
4875
Annual Maintenance Expense
500
Annual Net Income
55301
Annual Repair Expense
500
Annual Water/Sewer Expense
4440
Misc Monthly Income
40
Misc. Annual Income
480
Total Annual Expenses
23275

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
35
Township#
29

Unit 1

Furnished?
No
Lease Expiration Date
2027-07-03
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
14388
Finished SqFt
729
Full Baths
Yes
Monthly Expense
123
Monthly Rent
1199
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit 2

Furnished?
No
Lease Expiration Date
2027-09-30
Leased?
Yes
Level
Main Level
Unit Number
2
Annual Rent
14400
Finished SqFt
729
Full Baths
Yes
Monthly Expense
123
Monthly Rent
1200
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 3

Furnished?
No
Lease Expiration Date
2027-02-28
Leased?
Yes
Level
2nd Level
Unit Number
3
Annual Rent
19188
Finished SqFt
729
Full Baths
Yes
Monthly Expense
123
Monthly Rent
1599
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 4

Furnished?
No
Lease Expiration Date
2028-05-31
Leased?
Yes
Level
Multi-Level
Unit Number
4
3/4 Baths
Yes
Annual Rent
30600
Finished SqFt
1635
Full Baths
Yes
Monthly Expense
279
Monthly Rent
2550
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
5
Total Rooms
10

Unit Details

Total Units
4

Documents

IDX
Listing Office: Edina Realty, Inc.
Last Updated: October - 10 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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