2913 18th Avenue S, Minneapolis, MN 55407 (MLS# 7119161)

2913 18th Avenue S, Minneapolis, MN 55407

New Listing
$495,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 3,988 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $495,000 List Date: 8/21/2026 Last Modified: 8/22/2026

Overview

Description

Rare solid cash flowing 4plex ready for investors hits the 1% rule! Each unit is 2 bedroom and 1 bath with updates periodically throughout. Laundry in basement and separate utilities for each unit. Vinyl siding installed in the last few years. Additional parking in rear for about 4 cars plus the 2 car garage currently rented separately for additional cash flow.

Listing Details MLS# 7119161

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1891
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1594
Above Ground SqFt
3188
Below Grd Total SqFt
800
Total SqFt
3988
Foundation Size
1594
Style
(MF) Four Plex
Total Finished Sqft
3188.00
Garage Stalls
2
Lot Dimensions
50 X 124
Acres
0.14
Assessment Pending
No

Property Features

Accessible: None Basement: Partial; Shared Access; Storage Space; Unfinished Construction Status: Previously Owned Exterior: Wood Foundation: Permanent Fuel: Natural Gas Heating: Forced Air Owner Pays: Sewer; Taxes; Trash Collection Parking Characteristics: Uncovered/Open Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Tenant Pays: Electricity; Gas; Parking Fee Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Informal Dining Room Unit 3 Appliances: Dryer; Range; Refrigerator; Washer Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Informal Dining Room Unit 4 Appliances: Dryer; Range; Refrigerator; Washer Unit 4 Bath Description: Main Floor Full Bath Unit 4 Cooling: Window Unit 4 Dining Room Description: Informal Dining Room Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
495000
ListPrice
495000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2913
Street Name
18th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Laymans 4th Add

Assessments

Tax With Assessments
7862.16
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
3188

More Information

Income and Expenses

Annual Gross Expenses
3000
Annual Gross Income
63144
Annual Insurance Expense
1483
Annual Maintenance Expense
300
Annual Net Income
60144
Annual Repair Expense
100
Annual Trash Expense
1800
Misc Monthly Income
152
Total Annual Expenses
1800
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Water/Sewer Expense
0
Misc. Annual Income
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
21x20
Garage Square Feet
420
Uncovered/Open
Yes

Public Survey Info

Range#
24
Section#
35
Township#
29

Unit 1

Furnished?
No
Lease Expiration Date
2026-07-01
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
15000
Finished SqFt
780
Full Baths
Yes
Monthly Expense
50
Monthly Rent
1250
No. of Units Like This
Yes
Oth Parking Spaces
4
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Lease Expiration Date
2026-07-01
Leased?
Yes
Level
Main Level
Unit Number
2
Annual Rent
16800
Finished SqFt
780
Full Baths
Yes
Monthly Expense
50
Monthly Rent
1400
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 3

Furnished?
No
Lease Expiration Date
2026-07-01
Leased?
Yes
Level
Main Level
Unit Number
3
Annual Rent
15120
Finished SqFt
780
Full Baths
Yes
Monthly Expense
50
Monthly Rent
1260
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 4

Furnished?
No
Lease Expiration Date
2026-07-01
Leased?
Yes
Level
Main Level
Unit Number
4
Annual Rent
14400
Finished SqFt
780
Full Baths
Yes
Monthly Expense
50
Monthly Rent
1200
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit Details

Total Units
4

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BLOCK 001 LAYMANS 4TH ADDN TO MPLS LOT 9 AND S 3 FT OF LOT 10
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
486
Property ID Number
3502924440142
Tax Year
2026
Tax Amount
7862.16
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare solid cash flowing 4plex ready for investors hits the 1% rule! Each unit is 2 bedroom and 1 bath with updates periodically throughout. Laundry in basement and separate utilities for each unit. Vinyl siding installed in the last few years. Additional parking in rear for about 4 cars plus the 2 car garage currently rented separately for additional cash flow.
Directions
Cedar Ave to 29th St West to 18th Ave area and walk to property due to Neighborhood Watch barricades

Accessible

None
Yes

Basement

Partial
Yes
Shared Access
Yes
Storage Space
Yes
Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Foundation

Permanent
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Owner Pays

Sewer
Yes
Taxes
Yes
Trash Collection
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

No. of Ranges

Four
Yes

No. of Refrigerators

Four
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Parking Fee
Yes

Unit 1 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Informal Dining Room
Yes

Unit 2 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes

Unit 2 Cooling

Window
Yes

Unit 2 Dining Room Description

Informal Dining Room
Yes

Unit 3 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 3 Bath Description

Main Floor Full Bath
Yes

Unit 3 Cooling

Window
Yes

Unit 3 Dining Room Description

Informal Dining Room
Yes

Unit 4 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 4 Bath Description

Main Floor Full Bath
Yes

Unit 4 Cooling

Window
Yes

Unit 4 Dining Room Description

Informal Dining Room
Yes
IDX
Listing Office: Jason Mitchell Group
Last Updated: August - 22 - 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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