Home › 1508 E 26th Street, Minneapolis, MN 55404 (MLS# 7101570)

1508 E 26th Street, Minneapolis, MN 55404 (MLS# 7101570)

$539,999
1508 E 26th Street
Minneapolis, MN 55404
MLS# 7101570
4 beds  |  2 baths  |  3124 sqft
1508 E 26th Street, Minneapolis, MN 55404
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Property Description
Rare opportunity to own a well-maintained, turnkey fourplex in a desirable location! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers exceptional value. Live in one unit while the rental income helps offset your mortgage and living expenses, or enjoy strong, consistent cash flow as a fully leased investment. The property has maintained 100% occupancy over the past year with outstanding tenants and currently generates $5,800 per month in rental income. Each unit features two bedrooms plus a bright front sunroom, offering the flexibility to use the space as a home office, nursery, or potential third bedroom. Recent updates include a new water heater, adding peace of mind for the next owner. Additional amenities include a private off-street parking lot, providing convenient parking for tenants. This is a rare opportunity to purchase a move-in, rent-ready fourplex with a proven rental history and excellent income potential.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 539999
Original List Price: 539999
ListPrice: 539999
List Date: 2026-06-30
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1913
Yearly/Seasonal: Yearly
Bedrooms: 4
Baths Total: 2
Main Floor Total SqFt: 1562
Above Ground SqFt: 3124
Total SqFt: 3124
Foundation Size: 1562
Lot Size SqFt: 4792
Style: (MF) Duplex Other
Total Finished Sqft: 3124.00
Lot Dimensions: 84.5 x 58
Assessment Pending: No
Location Tax and Other Information
House Number: 1508
Street Direction Prefix: E
Street Name: 26th
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: Gales 1st Add
Assessments
Tax With Assessments: 9147
Building Information
Finished SqFt Above Ground: 3124
Income and Expenses
Annual Electric Expense: 550
Annual Fuel Expense: 3000
Annual Gross Expenses: 11250
Annual Gross Income: 69600
Annual Insurance Expense: 3699.84
Annual Water/Sewer Expense: 4000
Total Annual Expenses: 11250
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 35
Township#: 29
Unit 1
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 17400
Finished SqFt: 767
Full Baths: 1
Monthly Rent: 1450
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 7
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 17400
Finished SqFt: 761
Full Baths: 1
Monthly Rent: 1450
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Basement: Concrete Block; Unfinished
Construction Status: Previously Owned
Exterior: Stucco
Foundation: Combination
Fuel: Natural Gas
Heating: Boiler; Steam
Lock Box Type: Combo
Owner Pays: Electricity; Fuel; Insurance; Lawn; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Assigned; Driveway - Shared; Uncovered/Open
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Fuel
Unit 1 Amenities: Deck
Unit 1 Appliances: Cooktop; Freezer; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Informal Dining Room; Separate/Formal Dining Rm
Unit 1 Special Search: All Living Fac. on One Level
Water: City Water/Connected

Listing Office: Bridge Realty, LLC

Last Updated: June - 30 - 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.

Tuesday 30th of June 2026 06:15 PM

218-998-4400

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