4525 4th Avenue S, Minneapolis, MN 55419 (MLS# 7028179)

4525 4th Avenue S, Minneapolis, MN 55419

$1,020,000
Property Type: Commercial Square Footage: 5,070 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $1,020,000 List Date: 3/11/2026 Last Modified: 8/27/2026

Overview

Description

Well-maintained 8-unit brick apartment building located in the desirable Regina neighborhood within the Nokomis community of Minneapolis. Built in 1960, this two-story property offers 5,070 finished square feet and a highly rentable unit mix of seven 1-bedroom units and one studio/efficiency. Each unit features its own forced-air furnace, with residents paying their own heat — a major operational advantage that helps control owner expenses. The building also includes coin-operated laundry for additional income and convenient off-street parking for tenants. Solid brick construction, individual mechanical systems, and a straightforward unit mix make this a stable, easy-to-manage asset. The property is also an ideal candidate for enrollment in the Minneapolis 4d Affordable Housing Program, offering the potential for a reduced property tax rate in exchange for maintaining qualifying affordable rents. Situated in a strong South Minneapolis location near parks, shopping, transit, and ma ...

Listing Details MLS# 7028179

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
8
Owner Occupied
No
Waterfront YN
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
2535
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.24
Lot Dimensions
80 x 129
Assessment Pending
No

Property Features

Accessible: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick Veneer Flooring: Carpet; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lot Description: Tree Coverage - Light On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Owner Pays: Exterior Maintenance; Grounds Care; Hot Water; Insurance; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Rental License Type: Standard Roof: Age 8 Years or Less; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; Heat Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1020000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
4525
Street Name
4th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55419
Complex/Dev/Subdivision
F A Savages Portland Ave Add

Assessments

Assessment Balance
699.22
Tax With Assessments
12276.42

Building Information

Building Finished SqFt
5070
Building SqFt
5070

More Information

Income and Expenses

Annual Electric Expense
402
Annual Fuel Expense
1929
Annual Gross Expenses
34329
Annual Gross Income
100376
Annual Insurance Expense
7011
Annual Maintenance Expense
3995
Annual Net Income
63074
Annual Trash Expense
2880
Annual Water/Sewer Expense
6744
Total Annual Expenses
34329

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
10
Township#
28

Sale Options

Sale Includes
Building, Leases

Unit 1

No. of 1 Bedroom Units
7

Unit Details

Total Units
8

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: Peritus Real Estate
Last Updated: August - 27 - 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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