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$749,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 9 Total Beds
  • Updated 1 day ago
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$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack's, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis' most vibrant neighborhoods is a must-see.

Full Property Details for 1609 4th St NE

General

  • Price: $749,900
  • Taxes: $8,676 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7005352
  • Updated: 1/14/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Laundry: In Basement, In Basement

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Exterior

  • Porch/Patio/Deck: Deck, Front Porch, Patio

Parking

  • Parking Features: Assigned

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Cutters Add
  • Neighborhood: 68
  • Driving Directions: Heading South on University Ave NE, Turn Left on 17th Ave NE, Turn Right on Fourth Street NE and the Destination is on Your Left

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler, Radiator
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Shared Access, Storage/Locker, Unfinished
  • Foundation Size: 1453
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 3,577
  • Above Ground: 3,577 Sq. Ft.
  • Below Ground: 492 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 135
  • Zoning: Residential-Multi-Family
  • Fencing (Description): Chain Link, Full

Financial Considerations

  • Tax Amount: $8,676.24
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Gas, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 024 BLOCK 009 CUTTERS ADDN TO MPLS
  • Property ID: 1402924210125

Listed by RE/MAX Results

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— 1609 4th St NE —

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Schools serving 1609 4th St NE

School District:Minneapolis Public School District
NameGradesDistance
Pillsbury Elementary School
2250 Northeast Garfield Street, Minneapolis, MN 55418
PK-51.4 mi
Northeast Middle School
2955 Hayes Street Northeast, Minneapolis, MN 55418
6-81.8 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1609 4th St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Listed
$749,900
37.6%
MLS
1/31/2023
Sold
$545,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1609 4th St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,627
-1%
$473,000
-13%
2023
$8,718
-4%
$545,000
-1%
2023
$9,113
—
$549,000
35%
2023
$9,113
46%
$407,000
15%
2020
$6,257
15%
$354,000
18%
2019
$5,445
9%
$300,000
10%
2018
$4,996
12%
$272,500
15%
2017
$4,443
-3%
$237,000
—
2016
$4,583
4%
$237,000
9%
2015
$4,404
-7%
$217,000
—
2014
$4,740
-6%
$217,000
-5%
2013
$5,018
—
$228,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1609 4th Street NE, Minneapolis, MN 55413 (MLS# 7005352) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 1609 4th Street NE is currently listed for $749,900 and was received on January 13, 2026. Want to learn more about 1609 4th Street NE? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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