Home › 1217 Yale Avenue SE, Minneapolis, MN 55414 (MLS# 7024189)

1217 Yale Avenue SE, Minneapolis, MN 55414 (MLS# 7024189)

$1,500,000
1217 Yale Avenue SE
Minneapolis, MN 55414
MLS# 7024189
20 beds  |  12 baths  |  7335 sqft
1217 Yale Avenue SE, Minneapolis, MN 55414
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1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414 1217 Yale Avenue SE, Minneapolis, MN 55414

Property Description
SELLER IS OPEN TO CONTRACT FOR DEED WOW! A newer-construction four-unit near the University of Minnesota is a rare find. Built in 2008, this townhome-style property features four spacious units, each offering 5 bedrooms and 3 bathrooms—an ideal layout that continues to see strong rental demand. Modern construction, functional floor plans, and generous unit sizes make this opportunity stand out from typical multi-family options. This property is so sought after it has never seen any vacancy since it was built! Over 16 years with no vacancy! Tenants pay all utilities with trash billed back by the owner, helping simplify expense management. Fee-based off-street parking is available in the adjacent lot, providing convenient parking flexibility. Whether you are seeking an owner-occupant opportunity with income potential or a strong addition to an investment portfolio, this property checks the boxes. Newer four-plex properties in this location rarely become available, making this a unique chance to secure a high-demand multi-family asset with lasting appeal.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 1500000
Original List Price: 15000000
ListPrice: 1500000
List Date: 2026-02-20
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 2008
Yearly/Seasonal: Yearly
Bedrooms: 20
Baths Total: 12
Main Floor Total SqFt: 2520
Above Ground SqFt: 4890
Below Grd Total SqFt: 2445
Total SqFt: 7335
Foundation Size: 2445
Style: (MF) Four Plex
Total Finished Sqft: 7335.00
Lot Dimensions: 50x133
Acres: 0.15
Assessment Pending: No
Location Tax and Other Information
House Number: 1217
Street Name: Yale
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Meeker Island Land & Power Co Add Rev
Assessments
Tax With Assessments: 20991
Building Information
Finished SqFt Above Ground: 4890
Finished SqFt Below Ground: 2445
Income and Expenses
Annual Electric Expense: 706
Annual Gross Expenses: 25490
Annual Gross Income: 146032
Annual Insurance Expense: 4476
Annual Maintenance Expense: 7800
Annual Trash Expense: 2440
Annual Water/Sewer Expense: 6981
Total Annual Expenses: 25490
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 30
Township#: 29
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
# of Fireplaces: 1
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 32100
Finished SqFt: 1842
Full Baths: 1
Monthly Rent: 2705
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 5
Total Rooms: 5
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
# of Fireplaces: 1
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 29868
Finished SqFt: 1842
Full Baths: 1
Monthly Rent: 2489
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 5
Total Rooms: 5
Unit 3
Furnished?: No
Leased?: Yes
Unit Number: 3
# of Fireplaces: 1
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 32700
Finished SqFt: 1842
Full Baths: 1
Monthly Rent: 2725
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 5
Total Rooms: 5
Unit 4
Furnished?: No
Leased?: Yes
Unit Number: 4
# of Fireplaces: 1
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 31800
Finished SqFt: 1842
Full Baths: 1
Monthly Rent: 2650
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 5
Total Rooms: 5
Unit Details
Total Units: 4
Property Features
Accessible: None
Construction Status: Previously Owned
Exterior: Brick/Stone; Vinyl
Fuel: Natural Gas
Heating: Forced Air
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Amenities: Countertops-Granite; Open Floor Plan; Cable; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Upper Level Full Bath
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm
Unit 1 Family Room Characteristics: Family Room; Main Level
Unit 1 Fireplace Char: Insert; Family Room; Gas Burning
Unit 2 Amenities: Countertops-Granite; Open Floor Plan; Cable; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Upper Level Full Bath
Unit 2 Cooling: Central
Unit 2 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm
Unit 2 Family Room Characteristics: Family Room; Main Level
Unit 2 Fireplace Char: Insert; Family Room; Gas Burning
Unit 3 Amenities: Countertops-Granite; Open Floor Plan; Cable; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 3 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 3 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Upper Level Full Bath
Unit 3 Cooling: Central
Unit 3 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm
Unit 3 Family Room Characteristics: Family Room; Main Level
Unit 3 Fireplace Char: Insert; Family Room; Gas Burning
Unit 4 Amenities: Countertops-Granite; Open Floor Plan; Cable; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 4 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 4 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Upper Level Full Bath
Unit 4 Cooling: Central
Unit 4 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm
Unit 4 Family Room Characteristics: Family Room; Main Level
Unit 4 Fireplace Char: Insert; Family Room; Gas Burning
Water: City Water/Connected

Listing Office: Financially Free, LLC

Last Updated: May - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 1st of June 2026 05:15 PM

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