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