1508 E 26th St Minneapolis, MN 55404
Phillips NeighborhoodEstimated payment $3,776/month
About This Home
Rare opportunity to own a well-maintained, turnkey fourplex in a desirable location! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers exceptional value. Live in one unit while the rental income helps offset your mortgage and living expenses, or enjoy strong, consistent cash flow as a fully leased investment. The property has maintained 100% occupancy over the past year with outstanding tenants and currently generates $5,800 per month in rental income. Recent updates include a new water heater, adding peace of mind for the next owner. Additional amenities include a private off-street parking lot, providing convenient parking for tenants. This is a rare opportunity to purchase a move-in, rent-ready fourplex with a proven rental history and excellent income potential. Owner has just completed over 10k of insulation work in both upper level and basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,147
Year Built
- Built in 1913
Lot Details
- Lot Dimensions are 84.5 x 58
Home Design
- Duplex
- Combination Foundation
- Stucco Exterior
Interior Spaces
- 3,124 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 11 Bedrooms
- 4 Bathrooms
Parking
- Shared Driveway
- Open Parking
- Assigned Parking
Utilities
- Heating System Uses Steam
- Boiler Heating System
Community Details
- 4 Units
- Gales 1St Add Subdivision
Listing and Financial Details
- The owner pays for electricity, fuel, insurance, grounds care, snow removal, taxes, trash collection
- Assessor Parcel Number 3502924130356
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,267 | $488,000 | $63,700 | $424,300 |
| 2024 | $9,147 | $467,000 | $63,700 | $403,300 |
| 2023 | $8,094 | $506,000 | $63,700 | $442,300 |
| 2022 | $7,220 | $481,900 | $63,700 | $418,200 |
| 2021 | $6,943 | $425,000 | $58,800 | $366,200 |
| 2020 | $6,608 | $425,000 | $58,800 | $366,200 |
| 2019 | $4,675 | $124,500 | $17,600 | $106,900 |
| 2018 | $4,650 | $88,200 | $3,600 | $84,600 |
| 2017 | $4,417 | $223,000 | $11,000 | $212,000 |
| 2016 | $4,557 | $223,000 | $11,000 | $212,000 |
| 2015 | $3,836 | $189,000 | $11,000 | $178,000 |
| 2014 | -- | $189,000 | $11,000 | $178,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/10/2026 09/10/26 | Price Changed | $529,999 | -0.9% | $170 / Sq Ft |
| 08/31/2026 08/31/26 | Price Changed | $534,999 | -2.7% | $171 / Sq Ft |
| 07/27/2026 07/27/26 | Price Changed | $549,999 | +1.9% | $176 / Sq Ft |
| 06/30/2026 06/30/26 | For Sale | $539,999 | -- | $173 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $493,000 | K2 Title Co | |
| Quit Claim Deed | -- | Fsa Title Services | |
| Warranty Deed | $364,500 | Titlesmart Inc | |
| Warranty Deed | $120,300 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $345,100 | New Conventional | |
| Previous Owner | $1,326,750 | Commercial | |
| Previous Owner | $391,679 | FHA | |
| Previous Owner | $147,500 | New Conventional |
Source: NorthstarMLS
MLS Number: 7101570
APN: 35-029-24-13-0356
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 2620 Bloomington Ave
- 2500 16th Ave S
- 2439 15th Ave S
- 2706 15th Ave S
- 2711 14th Ave S
- 2609 12th Ave S
- 2605 17th Ave S
- 2407 16th Ave S
- 2740 16th Ave S
- 1613 E 24th St
- 2221 Bloomington Ave
- 2825 15th Ave S
- 2833 14th Ave S Unit 106
- 2833 14th Ave S Unit 102
- 2833 14th Ave S Unit 108
- 2833 14th Ave S Unit 110
- 2833 14th Ave S Unit 104
- 2833 14th Ave S Unit 107
- 2833 14th Ave S Unit 105
- 2833 14th Ave S Unit 109
- 2609 16th Ave S Unit 2
- 2500 17th Ave S Unit 2
- 2648 13th Ave S
- 2726 Bloomington Ave Unit 100
- 2540 12th Ave S Unit 2
- 2643 12th Ave S Unit 1
- 2417 17th Ave S Unit 9
- 2806 15th Ave S
- 912 E 25th St Unit 3
- 912 E 25th St Unit 2
- 2835 11th Ave S
- 2850 Cedar Ave S Unit 202
- 2401 Chicago Ave
- 1400 E Franklin Ave
- 1626 E Lake St
- 2220 Snelling Ave
- 3042 13th Ave S
- 3117 15th Ave S Unit 12
- 1802 11th Ave S Unit 2
- 2101-2020 21st Ave S
Ask me questions while you tour the home.