$8,668 Closing Credit¹
#6678081, Listing Office: National Realty Guild
$650,000 List price
135 16th Ave NE Minneapolis, MN 55413
$7,719
Closing credit¹
3,584 sqft
$181 / sqft
Multi-Family
Property details
About 135 16th Ave NE
Rare Opportunity in Northeast Minneapolis – Well-Maintained 4-Plex in the Heart of the Arts District. Don’t miss this exceptional investment opportunity in one of Minneapolis’ most sought-after neighborhoods. This solidly built 4-plex is ideally located in the vibrant Northeast Arts District—just steps from scenic walking and biking trails and some of the city’s most popular restaurants, cafes, and breweries. Owned and meticulously cared for by the same owner for over 50 years, this property offers lasting quality and peace of mind. The exterior features low-maintenance brick and stucco, while major updates include a new roof, gutters, soffit, and fascia completed in 2017. The boiler has been recently serviced by CenterPoint Energy. The building includes Three 2-bedroom, 1-bath units and One 1-bedroom, 1-bath unit. It also features aCoin-operated laundry in the basement for additional income. Whether you’re a seasoned investor or just getting started, this property offers reliable rental income in a high-demand location. Schedule your showing today—opportunities like this don’t last long!
Highlights
Home typeQuadruplex
HeatingSteam
StatusComing Soon
Size3,584 sqft
BasementYes
Year built1962
ParkingAsphalt, Parking Lot
MLS #6713434
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Asphalt, Parking Lot
- Heating: Steam
- List Price: $650,000
- Price/SqFt: $181
- Annual Tax Amount: $8,573
- Tax Year: 2023
- Lot: Corner Lot
- Directions: University to 16th Ave NE head west to home on the right.
- Year Built: 1962
- Living Area: 3,584 SqFt
- MLS Number: 6713434
- MLS Name: NORTHSTAR
- Office Name: RE/MAX Results
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$650,000
135 16th Ave NE
$7,719
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $536,000 | $8,573 |
| 2022 | $564,000 | $9,273 |
| 2021 | $418,000 | $7,301 |
| 2020 | $418,000 | $7,036 |
| 2019 | $404,000 | $7,355 |
| 2018 | $342,500 | $6,438 |
| 2017 | $311,500 | $5,712 |
History based on county public records data.
Nearby schools
2
Banaadir Elementary School
Public Charter KG-4
0.2 mi
•1800 2nd St NE
1
Sheridan Elementary School
Public Magnet PK-5
0.4 mi
•1201 University Ave NE
3
Webster Community School
Public District PK-5
0.9 mi
•425 5th St NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,699. The majority of Minneapolis, MN residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
47%
35k-100k
15%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
71%
Single, No Kids
11%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
40%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
H&M
Banana Republic
IKEA
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Quiznos
What do the neighbors drive?
Volkswagen
Toyota
Lexus
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 135 16th Ave NE in Minneapolis, MN and zip code 55413 in the Sheridan neighborhood. This 3,584 square foot home was built in 1962. Features: 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $650,000.
While more than 466 listings in Minneapolis, MN in April 2025 were sold above asking price, there were more than 213 listings sold at asking price, and more than 261 were sold below. The number of homes for sale in Minneapolis, MN increased by 23% between March and April 2025. While the average time on the market in April 2025 was 28 days, the median list price was $354,417.
From Rocket Homes Real Estate and based on county public records data.