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About this home
Turnkey 4-Plex Investment Opportunity in Minneapolis! Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential. Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit. One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.
Ventura Village, located between Downtown Minneapolis and Midtown, is a historic and industrial Minneapolis neighborhood with a grid of brick warehouses and a patchwork of pocket parks. The neighborhood’s character concentrates along E Franklin Ave near Chicago Ave, where corner storefronts, murals, and small eateries set a street-level rhythm. The Cedar Cultural Center, The Cabooze, and the American Swedish Institute act as cultural pillars with year-round programming. Early-20th-century houses mix with converted commercial buildings and newer infill along wide, transit-served corridors. Franklin Avenue’s bike lanes and bus stops shape daily movement toward the river and the lakes. Community gardens and small green spaces add a quieter counterpoint to the main streets.
Provided by Walk Score and Local Logic
Market insights
2121 13th Ave S · $649,000
DAYS ON MARKET
26 days
The average home goes pending in 33 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$649,000
Median list price in this area is $443,729. (32% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unfinished basement with storage space
Porches on individual units
Kitchen windows in units
Bedrooms
12 total bedrooms across the property
Bathrooms
Multiple full and half bathrooms across units (total varies by unit type)
Kitchen
Range
Refrigerator
Laundry & utility
Coin-operated laundry (owned) in common area
In-basement laundry access
Gas water heaters
Heating & cooling
Baseboard heating
Boiler heating
Exterior features
Lot approximately 0.11 acres (dimensions ~45 x 114)
Landscaped urban lot with porches
Home design
Residential income property
More than 2 stories
Construction
Brick/mortar foundation
Roof replaced or under 8 years old
Foundation area about 1,944
Utilities
City water connected
City sewer connected
Electric and natural gas service
HOA & community
Coin-op laundry owned (association amenity)
Financial info
Gross annual income reported: $77,880
Electricity and solar
View estimated energy costs and solar savings for this home
Large 4 plex. 10 bedrooms, 6 baths. 2 car off-street parking. No garage. Shed. Main floor units, 886 finished sq ft. 2nd floor units with walk up 3rd floor, 1500-1600 sq ft. Front entry interior. Back entry exterior. All units now vacant. Utilities in basement back entry exterior. One electric panel, 4 boilers, 4 water heaters. 2 washers, 2 dryers all in working condition as of pre-inspection.
Public Records
Jun 15, 1999
Sold
$31,500
$6/sq ft
Public Records
Jun 1, 1985
Sold
$78,000
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,300 (−57.8%)
$64,700 + $529,600
$594,300
2025
$5,455 (−36.7%)
$64,700 + $432,300
$497,000
2024
$8,622 (+4.5%)
$64,700 + $474,300
$539,000
2023
$8,253 (+6,664.8%)
$64,700 + $440,300
$505,000
2022
$122
2021
$122
2020
$122
2019
$122 (+8.0%)
2018
$113
2017
$113 (−65.0%)
2015
$323 (+51.4%)
2014
$213 (−2.1%)
2013
$218 (−96.7%)
2012
$6,623
$12,100 + $287,400
$299,500
Public record
Beds
10
Baths
1
Stories
2.5
Lot width
—
Lot depth
112 ft.
Lot size
4,792 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,702
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,702
Year built
1900
Style
Multi-Family (5+ Unit)
County
Hennepin County
APN
35 029 24 12 0078
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Minneapolis, MN • 55404
Average low and high temperatures (°F)
23
7
31
14
50
29
58
39
71
50
78
62
84
67
80
64
78
60
65
47
45
32
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2121 13th Ave S
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $300,400 and $750,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $300K to $750K.