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$245,900

Est. payment - /mo

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4 Beds

1 Bath

1,308 SqFt

New

1501 Logan AVE N Minneapolis, MN 55418

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Cam Kelly

camkelly@onetrustrealestate.com +1(608) 399-2629

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,308 sqft

Price per Sqft $187

Subdivision Murdoughs Add

MLS Listing ID 6818220

Bedrooms 4

Full Baths 1

Year Built 1904

Annual Tax Amount $2,766

Tax Year 2025

Contingent None

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 41x1256

Property Sub-Type Single Family Residence

Property Description

Turnkey, fully updated investment property with a strong and stable tenant currently in year two of a 2-year lease running through September 1, 2026. The tenants have successfully completed the first year with consistent payment history, offering built-in reliability and reduced vacancy risk. This 4-bedroom home has undergone major capital improvements throughout, including ALL NEW plumbing, a new HVAC system installed by a licensed contractor, new window A/C units, new appliances, and a professionally completed, city-approved foundation repair. With these updates already taken care of, ongoing maintenance costs remain low for the next owner. The main level features separate living, dining, and family room areas, along with a flexible den/office. The clean semi-finished basement includes epoxy-coated floors and freshly painted walls, creating bright usable space with potential for future finishing. Situated on a deep 41×125 lot, the property offers a spacious yard and a full 2-car garage—features that support long-term tenant satisfaction and retention. Current lease generates $2,325/month, with tenants responsible for electricity, heat, and internet, while the owner pays only trash and water. Strong cash flow combined with extensive updates makes this a solid, low-maintenance addition to any investment portfolio. Tenant-occupied; lease transfers to new owner. Showings require coordination.

Location

State MN

County Hennepin

Zoning Residential-Single Family

Rooms

Basement Full, Unfinished

Dining Room Separate/Formal Dining Room

Interior

Heating Forced Air, Gravity

Cooling Window Unit(s)

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator

Exterior

Parking Features Detached, Concrete, Garage Door Opener, More Parking Onsite for Fee

Garage Spaces 2.0

Fence Chain Link

Pool None

Roof Type Asphalt,Pitched

Building

Lot Description Corner Lot, Many Trees

Story One and One Half

Foundation 836

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One and One Half

Structure Type Wood Siding

New Construction false

Schools

School District Minneapolis

Listed by Moe Mossa • Savvy Avenue, LLC

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Cam Kelly

Real Estate Advisor | License ID: 95162-94

+1(608) 399-2629