1926 15th Avenue S, Minneapolis, MN 55404 (MLS# 7060996)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1885
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1221
Above Ground SqFt: 2561
Below Grd Total SqFt: 42
Total SqFt: 2603
Foundation Size: 1275
Style: (MF) Four Plex
Total Finished Sqft: 2561.00
Power Company: Xcel Energy
Lot Dimensions: 40x144
Acres: 0.13
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Partial; Unfinished Construction Status: Previously Owned Exterior: Vinyl Foundation: Stone Fuel: Natural Gas Heating: Baseboard; Forced Air Laundry: None Lock Box Type: Supra Owner Pays: Electricity; Hot Water; Insurance; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Contract for Deed; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas Unit 1 Amenities: Walk-In Closet; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Ductless Mini-Split Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 2 Amenities: Hardwood Floors; Kitchen Window Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Living/Dining Room Unit 2 Special Search: All Living Fac. on One Level Unit 3 Amenities: Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: None Unit 3 Dining Room Description: Eat In Kitchen Unit 3 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 4 Amenities: Walk-In Closet; Hardwood Floors; Kitchen Window Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Upper Level Full Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Living/Dining Room Unit 4 Special Search: All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 499000
ListPrice: 499000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1926
Street Name: 15th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Cornells 3rd Add

Assessments

Tax With Assessments: 7000
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2561

More Information

Income and Expenses

Annual Electric Expense: 693
Annual Fuel Expense: 671
Annual Gross Expenses: 17116
Annual Gross Income: 53340
Annual Insurance Expense: 4041
Annual Net Income: 36224
Annual Water/Sewer Expense: 4703
Total Annual Expenses: 17116
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 26
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Annual Rent: 12900
Finished SqFt: 674
Full Baths: Yes
Monthly Rent: 1075
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 13740
Finished SqFt: 721
Full Baths: Yes
Monthly Rent: 1145
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 3

Furnished?: No
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 14100
Finished SqFt: 547
Full Baths: Yes
Monthly Rent: 1175
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 4

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 4
Annual Rent: 12420
Finished SqFt: 619
Full Baths: Yes
Monthly Rent: 1035
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 007 BLOCK 003 CORNELLS 3RD ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1126
Property ID Number: 2602924430113
Tax Year: 2026
Tax Amount: 7008
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Turnkey 4-Unit in Prime Urban Corridor! Solid investment opportunity with major capital improvements already in place. This well-maintained fourplex features updated plumbing & electrical, newer windows and appliances, refreshed interiors including carpet, paint, and refinished floors. New electrical with separate panels (2020), vinyl siding (2019), windows (2014), chimney tuck-pointing with new caps (2022), new back railings (2023), and a sealed 4-stall parking lot (2025). Positioned just minutes from downtown & U.S. Bank Stadium, the U of M, light rail access, and a strong mix of retail, coffee, and daily conveniences.
Directions: Franklin Ave to 15th Ave. North on 15th Ave to property.

Accessible

None: Yes

Basement

Partial: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Laundry

None: Yes

Owner Pays

Electricity: Yes
Hot Water: Yes
Insurance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Contract for Deed: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes

Unit 1 Amenities

Walk-In Closet: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Ductless Mini-Split: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
All Living Fac. on One Level: Yes

Unit 2 Amenities

Hardwood Floors: Yes
Kitchen Window: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Living/Dining Room: Yes

Unit 2 Special Search

All Living Fac. on One Level: Yes

Unit 3 Amenities

Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

None: Yes

Unit 3 Dining Room Description

Eat In Kitchen: Yes

Unit 3 Special Search

Main Floor Bedroom: Yes
All Living Fac. on One Level: Yes

Unit 4 Amenities

Walk-In Closet: Yes
Hardwood Floors: Yes
Kitchen Window: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Upper Level Full Bath: Yes

Unit 4 Cooling

None: Yes

Unit 4 Dining Room Description

Living/Dining Room: Yes

Unit 4 Special Search

All Living Fac. on One Level: Yes