For Sale Multi-Family MLS# 7135334

1016 Newton Avenue N

Minneapolis, MN 55411

$585,000

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About 1016 Newton Avenue N

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1921
Stories
Two
Living area
4,196 sqft
Price / sqft
$139
Lot
0.12
Original price
$600,000
MLS #
7135334

Interior

Features
Forced Air, Block
Heating
Forced Air

Exterior & lot

Features
Stucco
Construction
Two, Block
Foundation
Block
Lot
2102924220035

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$0
Tax year
2024
Parcel
2102924220035

Location

Subdivision
Oak Park Add
County
Hennepin
Neighborhood
Near North
Community
Hennepin, northstar, Minneapolis
Directions
From HWY 55, north on Penn, right on oak park, property is on the right.

Location

Neighborhood
Near North
Subdivision
Oak Park Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Todd and April Ginsberg, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.