1609 4th St NE
Description
This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early...$85,320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location
This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85,320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis’ most vibrant neighborhoods is a must-see.
- Listed by RE/MAX Results
- Listed by RE/MAX Results
Property Details for 1609 4th Street Northeast
Property Details for 1609 4th Street Northeast
| Status | Active |
|---|---|
| MLS # | 7005352 |
| Days on Compass | 14 |
| Taxes | $8,676 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1900 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Hennepin County |
Location
Building Information for 1609 4th Street Northeast
Payment Calculator
$4,378 per month
30 year fixed, 6.15% Interest
$3,655
$723
$0
Property Information for 1609 4th Street Northeast
- City Name: Minneapolis
- County Or Parish: Hennepin
- County: Hennepin-MN
- Directions: Heading South on University Ave NE, Turn Left on 17th Ave NE, Turn Right on Fourth Street NE and the Destination is on Your Left
- Latitude: 45.004525
- Longitude: -93.2612
- Map Coordinate: 106-D1
- City and Location: Minneapolis
- City and Location Text: Minneapolis(MN)
- Postal Code: 55413
- State Or Province: MN
- Public Survey Township: 29
- Additional Parcels: No
- Parcel Number: 1402924210125
- Tax Annual Amount: $8,676.24
- Tax Legal Description: LOT 024 BLOCK 009 CUTTERS ADDN TO MPLS
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2025
- Tax With Assessments: 8676.24
- High School District: 558 - Minneapolis
- School District Number: 558
- School District Phone: 6126680000
- Above Grade Fin SQFT: 3577.0
- Below Grade Fin SQFT: 0.0
- SQFT Total: 3577.0
- Living Area Units: Square Feet
- Lot Size Area: 0.12
- Lot Size Dimensions: 40x135
- Lot Size Units: Acres
- Present Use: Yearly
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- SQFT Main Total: 1453
- Above Grade SqFt Total: 3577
- Below Grade SqFt Total: 492
- Sewer: City Sewer/Connected
- Water Source: City Water/Connected
- Accessibility Features: None
- Association Amenities: Coin-op Laundry Owned
- Fencing: Chain Link, Full
- Foundation Area: 1453.0
- Fuel: Natural Gas
- Pool Features: None
- Roof: Age 8 Years or Less
- Patio Porch Type: Deck,Front Porch,Patio
- Basement Type: Shared Access, Storage/Locker, Unfinished
- Bathrooms Total Count: 5
- Bedrooms Total: 9
- DP Resource: Yes
- Heating: Boiler, Radiator
- Laundry Features: In Basement
- Levels: Two
- Number of Refrigerator: Four
- Basement YN: Yes
- Unit Amenities: Patio, Porch
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Main Floor Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 5
- Unit SqFt: 622
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 0
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Main Floor Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 5
- Unit SqFt: 684
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 0
- Unit Amenities: Deck
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Upper Level Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 5
- Unit SqFt: 609
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 0
- Unit Appl: Range, Refrigerator
- Unit Bath 3Qtr: 1
- Unit Bath Description: Upper Level 3/4 Bath, Upper Level Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 8
- Unit SqFt: 1400
- Unit Type Baths Total: 2
- Unit Type Beds Total: 4
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 0
Property History for 1609 4th Street Northeast
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 13, 2026 | Listed (Active) NorthStar #7005352 | $749,900 | — |
| Jan 13, 2026 | Off Market NorthStar #6764199 | — | |
| Sep 18, 2025 | Price Change NorthStar #6764199 | $764,900 | — |
| Aug 7, 2025 | Listed (Active) NorthStar #6764199 | — | |
| Jan 31, 2023 | Sold (Public Record) Public Record #1505861254 | $545,000 | — |
| Jan 31, 2023 | Sold NorthStar #6317165 | $545,000 | — |
| Dec 22, 2022 | Pending NorthStar #6317165 | — | |
| Dec 17, 2022 | Listed (Active) NorthStar #6317165 | $550,000 | — |
| Oct 6, 2022 | Off Market NorthStar #6242508 | — | |
| Aug 5, 2022 | Off Market NorthStar #6242508 | — | |
| Jul 31, 2022 | Pending NorthStar #6242508 | — | |
| Jul 31, 2022 | In Contract NorthStar #6242508 | — | |
| Jul 31, 2022 | Listed (Active) NorthStar #6242508 | $550,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/13/2026 | Listed (Active) NorthStar #7005352 | $749,900 |
| 01/13/2026 | Off Market NorthStar #6764199 | — |
| 09/18/2025 | Price Change NorthStar #6764199 | $764,900 |
| 08/07/2025 | Listed (Active) NorthStar #6764199 | — |
| 01/31/2023 | Sold (Public Record) Public Record #1505861254 | $545,000 |
| 01/31/2023 | Sold NorthStar #6317165 | $545,000 |
| 12/22/2022 | Pending NorthStar #6317165 | — |
| 12/17/2022 | Listed (Active) NorthStar #6317165 | $550,000 |
| 10/06/2022 | Off Market NorthStar #6242508 | — |
| 08/05/2022 | Off Market NorthStar #6242508 | — |
| 07/31/2022 | Pending NorthStar #6242508 | — |
| 07/31/2022 | In Contract NorthStar #6242508 | — |
| 07/31/2022 | Listed (Active) NorthStar #6242508 | $550,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1609 4th Street Northeast
Schools near 1609 4th Street Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Pillsbury Elementary School PublicPK to 5 | ||
Northeast Middle School Public6 to 8 | ||
Edison Senior High School Public9 to 12 | ||
Menlo Park Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Results
Based on information submitted to the MLS GRID as of 01/14/2026 04:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.
