1501 Logan AVE N new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55418
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