Property for Sale in Minneapolis
4935 34th S Avenue
Minneapolis, MN 55417

Price
$450,000

MLS #
6732823

Status
Pending


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Property Details

Year Built
1923

Square Feet
2,256

Parking Features
Detached,Parking Lot

Zoning
Business/Commercial

2025 Property Taxes
$10,293

School District
Minneapolis

County
Hennepin


PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%

6732823
Leaflet | Map data © Mapbox contributors

Cedar Avenue to east on E. Minnehaha Pkwy to south on 34th Avenue to property.


Cedar Avenue to east on E. Minnehaha Pkwy to south on 34th Avenue to property.

Features


Utilities
Electric Common,Heating Common,Hot Water Common

Cooling
Central Air

Heating
Radiator(s)

Sewer
City Sewer/Connected

Water
Public

Additional Info


Includes
Cooktop,Freezer,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer

Listed By
Royce Durhman of Keller Williams Premier Realty Lake Minn

Listed
06/04/25 and last updated 06/23/25

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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