$3,205 Closing Credit¹
#6651662, Listing Office: Coldwell Banker Realty
$4,156
closing credit¹
4433 Aldrich Ave N Minneapolis, MN 55412
$349,999 List price
$4,156
Closing credit¹
2,010 sqft
$174 / sqft
Multi-Family
Property details
About 4433 Aldrich Ave N
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. Contact us today to schedule a showing!
Highlights
Home typeDuplex
HeatingBaseboard, Forced Air
StatusActive
Size2,010 sqft
BasementYes
Year built1904
ParkingDetached
MLS #6636260
Garage2 spaces
Summary
- MLS Number: 6636260
- MLS Name: NORTHSTAR
- Office Name: Realty ONE Group Choice
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$349,999
4433 Aldrich Ave N
$4,156
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 18, 2019 | Home Sold | $247,000 |
| Feb 13, 2008 | Home Sold | $65,000 |
| Apr 28, 2006 | Home Sold | $231,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $273,000 | $4,433 |
| 2022 | $251,000 | $4,099 |
| 2021 | $229,000 | $3,964 |
| 2020 | $229,000 | $3,727 |
| 2019 | $194,000 | $3,396 |
| 2018 | $176,500 | $3,175 |
| 2017 | $148,500 | $2,691 |
History based on county public records data.
Nearby schools
1
Jenny Lind Elementary School
Public District PK-5
0.7 mi
•5025 Bryant Ave N
2
Legacy of Dr Josie R Johnson Montes
Public Charter KG-6
0.9 mi
•5140 Fremont Ave N
1
Kipp North Star Primary School
Public Charter KG-4
1.1 mi
•5034 Oliver Ave N
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 $39,481. Residents of Minneapolis, MN typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
48%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
20%
Single, with Kids
12%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
$2,671 Closing Credit¹
#6629435, Listing Office: Coldwell Banker Realty
This home is located at 4433 Aldrich Ave N in Minneapolis, MN and zip code 55412 in the Lind-Bohanon neighborhood. This 2,010 square foot home was built in 1904. Features: 0 bathroom. It has been listed on Rocket Homes since December 2, 2024 and is currently priced at $349,999.
While more than 161 listings in Minneapolis, MN in January 2025 were sold above asking price, there were more than 152 listings sold at asking price, and more than 309 were sold below. In January 2025 in Minneapolis, MN there were 0.1% less homes for sale than in December. Listings spent 47 days on the market in January 2025, and had a median list price of $350,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.