3809 28th Avenue S
Minneapolis, MN 55406
$614,990 - 73
Classic Minneapolis stucco fourplex with four one bedroom, one bath apartments available for a new owner! The front has traditional brown shutters, vintage 1920’s styling and a red entry awning. Inside, strip oak hardwood floors, arched plaster openings, cast iron radiators heated by gas boilers and Art-Deco windows run through the apartments, with dark stained woodwork in many living and dining rooms. Bathrooms have white tile, glass block windows and pedestal sinks. Unit 1 is vacant and has ceiling fans, a white steel kitchen with vintage built-in drainboard sink as well as recently refinished floors. Behind the building are a fenced back yard and a three-stall garage, with spaces renting separately, plus one additional assigned parking space. All garage spaces and additional parking is currently leased. Each unit has a private basement storage room, and the building has coin laundry. Tenants pay their own gas and electric. The owner pays water, sewer and trash. Four more storage rooms and a pet fee are not in current income. Units 2 to 4 are leased into 2027. This would also make an excellent property to “house hack” with owner living in the vacant unit and having the other Units pay a considerable portion of the payment every month! This property is just a short walk from the 38th Street LRT station for easy commuting. Lake Hiawatha with its walking paths and the golf course are nearby, along with Northbound Smokehouse & Brew ...
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Listing Courtesy of: RE/MAX Results
952-567-9939
| Listing Id: | 7151695 |
|---|---|
| List Price: | $614,990 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 3,000 |
| Tax Annual Amount: | $9,490 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 73 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Subd Altruria-Lots 1 To 5 & 12 |
| Postal Code: | 55406 |
| Year Built: | 1925 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 3,000 |
| Accessibility Features: | None |
| Association Amenities: | Laundry, Coin-op Laundry Owned |
| Basement: | Yes |
| Basement: | Full, Shared Access, Storage Space, Unfinished |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 4500 |
| Directions: | HIAWATHA TO 38TH, WEST ON 38TH TO 28TH, SOUTH ON 28TH, BUILDING ON EAST SIDE |
| Foundation Area: | 1,500 |
| Fuel Expense: | 0 |
| Garage Spaces: | 3 |
| Gross Income: | $49,775 |
| Heating: | Hot Water |
| High School District: | Minneapolis |
| Insurance Expense: | $5,740 |
| Laundry Features: | In Basement, Common Area |
| Levels: | Two |
| Listing Contract Date: | 2026-10-02 |
| Living Area Units: | Square Feet |
| Lot Features: | Public Transit (w/in 6 blks) |
| Lot Size Area: | 0.11 |
| Lot Size Dimensions: | 40x125 |
| Lot Size Units: | Acres |
| Net Operating Income: | $29,108 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Expected Market Date: | 2026-10-04 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 600 |
| Income Misc Ann: | $4,197 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Four |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $9,490 |
| Operating Expense: | $20,667 |
| Other Expense: | $1,350 |
| Owner Pays: | Insurance, Sewer, Taxes, Trash Collection |
| Parcel Number: | 1202824110101 |
| Parking Features: | Assigned, Detached Garage, Asphalt |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 12 |
| Public Survey Township: | 28 |
| Road Frontage Type: | City Street |
| Roof: | Age 8 Years or Less |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Cable TV, Electricity, Gas |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 3000 |
| Below Grade Sq Ft Total: | 1500 |
| Main Level Finished Area: | 1500 |
| Total Area: | 4,500 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| School District Full Name: | 1 - Minneapolis |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:16 PM - CT
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Property Last Updated: October 08, 2026 04:16 PM - CT
