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$749,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 10 Total Beds
  • Updated 1 day ago
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Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. "¢ The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. "¢ The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue. "¢ The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.

Full Property Details for 2549 11th Ave S

General

  • Price: $749,900
  • Taxes: $9,324 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7149877
  • Updated: 10/10/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: In Basement, Common Area, Laundry Room, In Basement, Common Area, Laundry Room

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Parking

  • Parking Features: Asphalt, Shared Driveway, Parking Lot, Open

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Elliotts Rgt Blks Brackett & Boveys
  • Neighborhood: 54
  • Driving Directions: Located on the corner of 26th St and 11th Ave S.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Storage Space, Unfinished
  • Foundation Size: 1460
  • Disability Access: None
  • Square Feet: 3,822
  • Above Ground: 3,000 Sq. Ft.
  • Below Ground: 1,458 Sq. Ft.
  • Finished Down/Base.: 4,458 Sq. Ft.
  • Year Built: 1902

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 42 x 127
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $23,275
  • Tax Amount: $9,324
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Gas, Insurance, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Cable TV, Electricity, Lawn Care, Telephone, Snow Removal
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 014 BLOCK 001 ELLIOTTS RGT BLKS BRACKETT & BOVEYS
  • Property ID: 3502924240087

Listed by Edina Realty, Inc.

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Listing agent

— 2549 11th Ave S —

  • Edina Realty, Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2549 11th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.2 mi
Folwell Arts Magnet
3611 20th Avenue South, Minneapolis, MN 55407
PK-51.5 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121 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 2549 11th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Listed
$749,900
44.21%
MLS
6/04/2019
Sold
$520,000
—
Public Record
Get Price Alerts and Save Property
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 2549 11th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,343
6%
$492,000
1%
2025
$8,846
2%
$485,000
-8%
2023
$8,654
5%
$526,000
3%
2023
$8,215
—
$510,200
—
2023
$8,215
-4%
$508,000
5%
2020
$8,555
9%
$484,000
12%
2019
$7,841
21%
$432,000
22%
2018
$6,491
-1%
$354,000
10%
2017
$6,549
5%
$321,000
8%
2016
$6,244
47%
$298,000
42%
2015
$4,251
7%
$209,500
15%
2014
$3,975
-15%
$182,000
-10%
2013
$4,678
—
$202,000
—
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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Listed by Edina Realty, Inc.

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2549 11th Avenue S, Minneapolis, MN 55404 (MLS# 7149877) is a Multi-Family property with 4 units containing 10 bedrooms and 0 full bathrooms. 2549 11th Avenue S is currently listed for $749,900 and was received on October 09, 2026. Want to learn more about 2549 11th 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.

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