$625,000

1016 Newton Ave N Minneapolis, MN 55411

Near North Neighborhood

Estimated payment $4,077/month

Total Views 8,254
12 Beds
4 Baths
4,196 Sq Ft
$149 Price per Sq Ft

About This Home

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North perfect for the owner occupier or investor alike. This building went through a significant remodel in 2020. All 4 units feature nice updated eat in kitchens with stone counter tops, 3 nice sized bedrooms, updated baths, and more. Each unit also has separate utilities and furnaces and there is a large parking area out back for off street parking.

Listing Agent

Todd Ginsberg

RE/MAX Results Listed on: 02/14/2025

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Home Design

  • Quadruplex

Interior Spaces

  • 4,196 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 42.05x126.8
  • Forced Air Heating System

Community Details

  • 4 Units
  • Oak Park Add Subdivision

Listing and Financial Details

  • The owner pays for insurance, grounds care, snow removal
  • Assessor Parcel Number 2102924220035

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1921
  • Above Grade Finished Sq Ft: 4196
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 4196
  • Owner Pays: Insurance, Grounds Care, Snow Removal
  • Basement YN: Yes
  • Total Rooms: 6
  • Total Rooms: 6
  • Total Rooms: 6
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Neighborhood: Near - North

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 42.05x126.8
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 4

Rental Info

  • Expenses: 9021.9600

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 2102924220035
  • TaxWithAssessments: 0.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Gas

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Price Changed $625,000 -1.6% $149 / Sq Ft
04/11/2025 04/11/25 Price Changed $635,000 -2.3% $151 / Sq Ft
02/17/2025 02/17/25 For Sale $650,000 -- $155 / Sq Ft
Source: NorthstarMLS

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Source: NorthstarMLS

MLS Number: 6653644

NorthstarMLS

APN: 21-029-24-22-0035

Minnesota Hennepin County Minneapolis 55411 Near North

1016 Newton Ave N, Minneapolis, MN

This home is located at 1016 Newton Ave N, Minneapolis, MN 55411 and is currently priced at $625,000, approximately $148 per square foot. This property was built in 1921. 1016 Newton Ave N is a home located in Hennepin County with nearby schools including Bryn Mawr Elementary School, Anwatin Middle School, and North Community High School.

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Todd Ginsberg
Listing Agent
Todd Ginsberg
Section Image
RE/MAX Results