Date
Details
Price
Change
Source
6/12/2026
Listed
$1,175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,175,000 Just Listed
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Property Description
Welcome to one of the most heavily updated and upgraded historic fourplexes in Minneapolis! This stately four-home property combines the rich luxury of it's original Victorian embellishments with important large scale upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Seller is willing to consider creative financing options, including seller financing, for qualified buyers.
Full Property Details
Full Property Details for 2535 Aldrich Ave S
General
- Price: $1,175,000
- Taxes: $15,137 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7055953
- Updated: 6/13/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 11
Other Rooms
- Laundry: In Basement, Common Area, Lower Level, In Unit, In Basement, Common Area, Lower Level, In Unit
Additional Information
- Shared Amenities: Laundry, Common Garden, Deck, Patio, Porch
Exterior
- Porch/Patio/Deck: Deck, Front Porch, Patio, Porch
Parking
- Garage: Yes
- Garage Description: 40 x 20
- Garage Spaces: 4
- Parking Features: Detached Garage
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Twenty Fifth St Add
- Neighborhood: 47
- Driving Directions: Lyndale Ave S to 25th St, West to Aldrich, South to property.
School Information
- School District: 1 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Ductless Mini-Split, Forced Air, Hot Water, Radiant
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Egress Window(s), Finished, Full, Shared Access, Storage Space
- Foundation Size: 1440
- Roof: Age 8 Years or Less
- Disability Access: None
- Square Feet: 5,225
- Above Ground: 3,872 Sq. Ft.
- Below Ground: 1,440 Sq. Ft.
- Finished Down/Base.: 5,312 Sq. Ft.
- Year Built: 1908
Unit Information
- Units w/Refrigerators: 4
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 40 x 119
- Frontage: City Street, Curbs, Sidewalks, Street Lights
- Zoning: Residential-Multi-Family
- Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage
- Fencing (Description): Full
Financial Considerations
- Operating Expenses: $33,000
- Tax Amount: $15,137
- Tax Year: 2025
- Terms: Contract for Deed, Conventional, Cash
- Owner Pays: Grounds Care, Trash Collection, Water
- Tenant Pays: Broadband, Cable TV, Electricity, Fuel, Gas, Heat
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Heat: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: LOT 006 BLOCK 006 TWENTY FIFTH ST ADDN TO MPLS
- Property ID: 3302924140168
Listed by Keller Williams Realty Integrity Lakes
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— 2535 Aldrich Ave S —
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NMLS#: 1598647
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Schools
Schools serving 2535 Aldrich Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Whittier International 315 West 26th St, Minneapolis, MN 55404 | PK-5 | 0.3 mi |
Andersen Community 1098 Andersen Lane, Minneapolis, MN 55407 | 6-8 | 1.5 mi |
South Senior High School 3131 19th Avenue South, Minneapolis, MN 55407 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2535 Aldrich Ave S
Tax History
Tax History for 2535 Aldrich Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,137
19%
$830,000
291%
2023
$12,758
13%
$212,500
13%
2023
$11,319
—
$187,400
-50%
2023
$11,319
2%
$375,000
-47%
2020
$11,126
8%
$712,500
10%
2019
$10,270
12%
$647,500
11%
2018
$9,175
10%
$583,500
11%
2017
$8,373
15%
$527,500
18%
2016
$7,295
-15%
$448,500
9%
2015
$8,546
6%
$413,000
15%
2014
$8,056
-1%
$359,000
—
2013
$8,105
—
$359,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2535 Aldrich Ave S
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2535 Aldrich Avenue S, Minneapolis, MN 55405 (MLS# 7055953) is a Multi-Family property with 4 units containing 11 bedrooms and 0 full bathrooms. 2535 Aldrich Avenue S is currently listed for $1,175,000 and was received on June 12, 2026. Want to learn more about 2535 Aldrich Avenue S? 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.