4433 Aldrich Ave N Minneapolis, MN 55412
Lind-Bohanon NeighborhoodEstimated payment $2,118/month
Total Views
18,927
7
Beds
2
Baths
2,010
Sq Ft
$162
Price per Sq Ft
About This Home
Owner occupy is available after November 1st.
This large 2-unit duplex on an oversized corner lot is a fantastic investment opportunity! Both units are fully occupied with long-term Leases, and it meets the 1 percent rule making it a smart choice for investors. The main level unit is 4 bed 1 bath and is currently leased for $1,995.00 a month. The upper unit is a 3 bed 1 bath and is currently leased for $1,550.00 a month. In total this is 7 beds and 2 baths with a total current rental income of $3,545.00 a month. The owner pays for City Water/Sewer and Trash service at an average cost of $275.00 a month. The Electric and Natural Gas utilities are metered separately and paid for by the Tenants. The property features recently refinished hardwood floors throughout, giving it a warm and inviting feel. The main level unit includes a washer and dryer in the unfinished basement, The unfinished basement also has a separate exterior entrance door "Great added value potential" with the possibility to add another unit or add more finished beds and bath for the main floor unit. The property has updated vinyl windows, a fenced yard, and a 2-stall garage with ample parking adding to the property's appeal. The location is ideal with easy access to the bus line and just a 10-minute drive downtown.
Don’t miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,334
Year Built
- Built in 1904
Lot Details
- Lot Dimensions are 134x68
- Chain Link Fence
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,010 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
- 2 Units
- S W Ponds Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1311821210007
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2023 | $4,433 | $273,000 | $31,000 | $242,000 |
| 2022 | $3,964 | $251,000 | $29,000 | $222,000 |
| 2021 | $3,728 | $229,000 | $9,000 | $220,000 |
| 2020 | $3,397 | $229,000 | $29,600 | $199,400 |
| 2019 | $3,176 | $194,000 | $19,700 | $174,300 |
| 2018 | $2,691 | $176,500 | $19,700 | $156,800 |
| 2017 | $2,466 | $133,000 | $17,900 | $115,100 |
| 2016 | $2,284 | $119,500 | $17,900 | $101,600 |
| 2015 | $2,591 | $117,000 | $17,900 | $99,100 |
| 2014 | -- | $106,500 | $17,900 | $88,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $324,999 | -1.5% | $162 / Sq Ft |
| 08/03/2025 08/03/25 | For Sale | $329,999 | -- | $164 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $247,000 | Executive Title | |
| Warranty Deed | $65,000 | -- | |
| Warranty Deed | $231,500 | -- | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $55,000 | -- | |
| Deed | $55,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $229,710 | New Conventional | |
| Previous Owner | $81,788 | Unknown |
Source: Public Records
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6764315
APN: 13-118-21-21-0007
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