Home › 1016 Newton Avenue N, Minneapolis, MN 55411 (MLS# 7135334)

1016 Newton Avenue N, Minneapolis, MN 55411 (MLS# 7135334)

$600,000
1016 Newton Avenue N
Minneapolis, MN 55411
MLS# 7135334
12 beds  |  4 baths  |  4196 sqft
1016 Newton Avenue N, Minneapolis, MN 55411
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1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411 1016 Newton Avenue N, Minneapolis, MN 55411

Property Description
Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 600000
Original List Price: 600000
ListPrice: 600000
List Date: 2026-09-29
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 12
Baths Total: 4
Main Floor Total SqFt: 2112
Above Ground SqFt: 4196
Total SqFt: 4196
Foundation Size: 2112
Lot Size SqFt: 5331.94
Style: (MF) Four Plex
Total Finished Sqft: 4196.00
Lot Dimensions: 42.05x126.8
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 1016
Street Name: Newton
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55411
Complex/Dev/Subdivision: Oak Park Add
Building Information
Finished SqFt Above Ground: 4196
Income and Expenses
Annual Gross Expenses: 11421.96
Annual Gross Income: 92160
Annual Insurance Expense: 7821.96
Annual Trash Expense: 1800
Annual Water/Sewer Expense: 18000
Misc. Annual Income: 73939.36
Total Annual Expenses: 18220.64
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Annual Rent: 23940
Finished SqFt: 1049
Full Baths: 1
Monthly Rent: 1995
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 23940
Finished SqFt: 1049
Full Baths: 1
Monthly Rent: 1995
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit 3
Furnished?: No
Leased?: No
Unit Number: 3
Annual Rent: 21540
Finished SqFt: 1049
Full Baths: 1
Monthly Rent: 1795
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit 4
Furnished?: No
Leased?: Yes
Unit Number: 4
Annual Rent: 22740
Finished SqFt: 1049
Full Baths: 1
Monthly Rent: 1895
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit Details
Total Units: 4
Property Features
Accessible: None
Basement: Concrete Block
Construction Status: Previously Owned
Exterior: Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Owner Pays: Insurance; Lawn; Snow Removal
Rental License Type: Standard
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Telephone
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: October - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 10th of October 2026 04:38 AM

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