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
| Office | Keller Williams Realty Integrity Lakes |
|---|