2535 Aldrich Avenue S, Minneapolis, MN

$1,100,000

11

Beds

5

Baths

5,312

Square feet

0.11

Acres

About 2535 Aldrich Avenue S

This stately property combines the rich luxury of Victorian embellishments with important large scale modern upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Tremendous furnished short term or medium term rental income potential Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Immediate potential for 9000+/m normal long term rental income. Grosses over $100k/year.

Features of 2535 Aldrich Avenue S

MLS® # 7055953
Price $1,100,000
Bedrooms 11
Bathrooms 5.00
Square Footage 5,312
Finished SQFT 5,225
Acres 0.11
Year Built 1908
Type Single Family
Sub-Type Fourplex
Status Active
Contingency Type None

Community Information

Address 2535 Aldrich Avenue S
Area 47
Subdivision Twenty Fifth St Add
City Minneapolis
County Hennepin
State MN
Zip Code 55405

Amenities

Amenities Laundry, Common Garden, Deck, Patio, Porch
Parking Detached Garage
# of Garages 4
Is Waterfront No
Has Pool No

Interior

Heating Ductless Mini-Split, Forced Air, Hot Water, Radiant
Fireplace No
Has Basement Yes
Basement Egress Window(s), Finished, Full, Shared Access, Storage Space

Exterior

Exterior Features Vinyl
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light
Roof Age 8 Years or Less
Construction Frame

School Information

District Minneapolis

Additional Information

Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $15,137
Tax Year 2025
Office Keller Williams Realty Integrity Lakes

Listing Details

OfficeKeller Williams Realty Integrity Lakes

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